(Bloomberg) SoftBank Group Corp. is selling some of its investments in Latin America for the first time, turning a profit on the holdings even though startups in the region have been shut out of the market for initial public offerings. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvi
(Bloomberg) SoftBank Group Corp. is selling some of its investments in Latin America for the first time, turning a profit on the holdings even though startups in the region have been shut out of the market for initial public offerings. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife
Softbank Sees Latin America Exits Picking up From 2025, Exec Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Softbank expects exits from its investments in Latin American startups to intensify from 2025 as the region's prospects improve, Alex Szapiro, regional head and managing partner at the firm, told Reuters on Tuesday. The investment giant's exit from Brazilian fintech Pismo, which was bought by Visa in a $1-billion deal in June, is likely to be the first of a cycle of divestments in the region, Szapiro said in an interview at Softbank's Sao Paulo offices. "We are having a lot of interesting conversations, which will eventually become exits in 2025, 2026," he added, underscoring his optimistic economic outlook for Latin America.