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Japan's SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group's Vision Fund unit reported record profits as portfolio company listings accelerate.
3 Min Read
TOKYO (Reuters) - Japan’s SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate.
FILE PHOTO: SoftBank Corp s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon
SoftBank’s shares were up 3.3% at Y9,800 at 03:56 GMT having earlier shot past Y10,000, the biggest intraday jump in two months. On Monday SoftBank reported a bounce back in the value of its portfolio after startups like home-selling platform Opendoor went public.
With equity raising running at record levels, major assets from the first $100 billion Vision Fund portfolio expected to go public include ride-hailing firms Didi and Grab. [L1N2JT0HC]
3 Min Read
TOKYO (Reuters) - Japan’s SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate.
FILE PHOTO: SoftBank Corp s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon
SoftBank’s shares were up 3.3% at Y9,800 at 03:56 GMT having earlier shot past Y10,000, the biggest intraday jump in two months. On Monday SoftBank reported a bounce back in the value of its portfolio after startups like home-selling platform Opendoor went public.
With equity raising running at record levels, major assets from the first $100 billion Vision Fund portfolio expected to go public include ride-hailing firms Didi and Grab. [L1N2JT0HC]
By Sam Nussey TOKYO (Reuters) - Japan s SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group s Vision Fund unit reported record profits as portfolio company listings accelerate. SoftBank s shares were up 5.3% at Y9,990 at 0055 GMT having earlier shot past Y10,000, the biggest intraday jump in two months. On Monday SoftBank reported a bounce back in the value of its portfolio after startups like selling platform Opendoor went public. With equity raising running at record levels, major assets from the Vision Fund portfolio expected to go public include ride-hailing firms Didi and Grab. [L1N2JT0HC]