SoftBank Group is considering an initial public offering of its $100 billion Vision Fund, according to Bloomberg, citing the Wall Street Journal.
The Japanese conglomerate is also negotiating with the sultanate of Oman for an investment of several billion dollars in the existing Vision Fund, the Journal reported Friday, citing unidentified people familiar with the matter. The bulk of the fund was initially backed primarily from the Saudi Arabian government as well as capital from Apple and the government of Abu Dhabi.
Masayoshi Son, SoftBank’s founder and CEO, has been deal making at a fast pace, and has invested nearly all of the money that the Vision Fund took in two years ago, while the initial plan was to spread it out over four years, according to the Journal. Several of the investments the Vision Fund has made are set to become public companies soon, including Uber, in which SoftBank owns a 15 percent stake, and WeWork.
Still, those won’t free up enough money for all of the investments Son wants to yet make, according to the Journal. The fund plans to double its staff to 800 people over the next 18 months, the Journal said. In an interview with Bloomberg Businessweek last year, Son said he plans to raise a new $100 billion fund every two or three years. He has held discussions with investors about committing to a second fund as early as this year.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.