More companies are expected to exit from the Vision Fund’s portfolio either by initial public offerings or other gateways, SoftBank CEO Masayoshi Son said in a CNBC report.
- Son envisions an ecosystem where the portfolio would have multiple companies going public in the long run.
- Out of the Vision Fund’s portfolio, 14 companies had an IPO or other exit in the past year, higher than the eight that left the previous year.
- SotBank is currently invested in some 200 companies through its two Vision Funds, which have holdings in tech start-ups.
- The company recorded a $45.88-billion net income in the first three months of the year, due to the IPO of Coupang, along with the uptrend of Uber stocks.
- SoftBank also has holdings in WeWork which failed to go public in 2019, but Son said the company may turn to profit in the next several quarters.
- “Sometimes you have to be brave enough to imagine, you know, more on the positive side,” said Son.
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