SoftBank Group which is a Japan-based investment firm and Bank is now looking for an Initial Public Offering of its $100 Billion Vision Fund, according to the report which has been revealed.
The funds were set up in the year 2017 and have also become the world largest technology investment fund. Its investment includes the chip designer ARM, shared workplace firm WeWork and ride-hailing app Uber.
The company has also publicly stated that it plans to set up a second investment fund soon. Some of the senior banking source company revealed that the SoftBank was not also in talks with the banks about helping to raise some of the money, according to the Wall Street Report.
SoftBank has also spoken to half a dozen banks over the coming last month about a potential listing of the vision fund but has also yet to start with any of the formal processes, the source revealed, which also adds he was not expecting such a process in the near term.
China Tencent Holdings is a gaming and social media company listed in the stock exchange of Hong Kong. A spokesperson Softbank as of now also declined the comment.
Softbank is also in talks with Oman for the investment fund which has also been raised nearly all of its funding so far from the Abu Dhabi and Saudi Arabia, according to the report.
The funding is also planning to double its team in the coming 20 months to keep up the pace of deal by making by the Softbank, the company top disputes are also reportedly saying at the conference in the Los Angeles this week.
