Softbank plans to IPO its $100 billion Vision Fund this year: report
3 May 2019 9:09 AM GMT
Softbank plans to list its $100 billion Vision Fund, according to a 'Wall Street Journal' report. Softbank is also negotiating with the Sultanate of Oman for an investment which will run into several billions of dollars, the report said.
- Softbank Vision Fund, which has been instrumental in backing technology startups around the world, is also negotiating with the Sultanate of Oman for an investment that amounts to several billion dollars for its existing fund, the WSJ reported.
- According to a Bloomberg report, the sovereign wealth fund had reportedly planned to commit $45 billion to a second massive Vision Fund.
- Prior to that, the company had appointed Sumer Juneja, previously a partner at Norwest Venture Partners, to head its India operations.