The Wall Street Journal also reports SoftBank courting Oman for investment, having achieved nearly all of its funding from Saudi Arabia and Abu Dhabi.
The fund was set up in 2017 and has become one of the primary funding vehicles for technology companies around the world. If the IPO came off, it would be"largely unprecedented," the Journal said.
SoftBank is also in talks with Oman for an investment in the fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi, according to the report.The CEO of SoftBank Investment Advisers, who runs the world's biggest venture fund, offers an inside look at how he picks which companies to lavish with billions of capital
Oman was not immediately available for a comment requested by Reuters, nor was there an immediate response from the Japanese conglomerate. SoftBank is seeking to raise new funds for"informal deals" chief executive officer Masayoshi Son negotiated in China for Vision Fund, one of the people told WSJ.to keep up with the pace of deal-making by SoftBank, the company's top deputies reportedly said at a conference in Los Angeles this week.
The company has publicly stated it plans to set up a second investment fund, and according to the WSJ story, is talking to banks about helping it raise some money.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank Considers IPO for $100 Billion Vision FundSoftBank Group is considering audacious fundraising plans, including a public offering of its $100 billion investment fund and the launch of a second fund.
Read more »
SoftBank planning IPO of $100 billion Vision Fund: WSJJapan's SoftBank Group Corp is considering an initial public offering of it...
Read more »
Here's who stands to get rich from Uber's IPOUber's top shareholders stand to gain billions of dollars from the company's expected IPO next month.
Read more »
Arabian Centres to raise up to $836 million in Saudi's biggest IPO since 2014Saudi Arabian mall operator Arabian Centres Co could raise up to $836 million at...
Read more »
Uber unveils IPO terms that temper expectationsUber Technologies Inc, the world's largest ride-hailing company, plans an i...
Read more »
Uber takes IPO roadshow to New York as demand builds upUber Technologies Inc CEO Dara Khosrowshahi and his top management team took the...
Read more »
Breakingviews - Beyond Meat’s green IPO could still burn buyersBeyond Meat is gearing up for an IPO as more consumers develop a taste for its plant-based burgers. But investors entering the alternative-meat space may have better options via Breakingviews alpgomez
Read more »
Beyond Meat’s green IPO could still burn buyersThe plant-based burger maker is seeking a $1.5 bln valuation after raising its IPO target price by 20 pct. The eco-friendly business has developed a following among consumers. But with former investor Tyson entering the alternative-meat space, investors may have tastier options.
Read more »
Vegan burger maker Beyond Meat raises price range in upsized IPOPlant-based meat maker Beyond Meat Inc on Tuesday increased the expected price r...
Read more »
WeWork Files Confidentially For IPO, Latest In Unicorn Startups To Test Public MarketsThe workplace startup that raised $10.5 billion from SoftBank joins a host of companies going public in 2019.
Read more »