Softbank G Chairman Son Eager to List 20 Companies a Year – “Golden Egg Manufacturing” – Bloomberg



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SoftBank Group Chairman Masayoshi Son said in a press conference on the 8th that he would like to list the companies that invested in Vision Fund with a sense of rhythm of about 20 companies a year, and that he is eager to go public ( OPI) aggressively. that.

According to the financial results announcement materials of the 8th, as of December of last year, fund No. 1 has 82 shares and fund No. 2 has 26 shares. For fund No. 2, SoftBank G has promised an investment of 10 billion dollars (about 1.5 trillion yen) and has already invested 4.4 billion dollars. President Son explained that “the pipeline is increasing one after another” and said that the number of companies, including those immediately before the investment, would reach 40 companies.

BBG

President of Softbank G speaking at financial results briefing

Additionally, President Son explained that SoftBank G is a “golden egg manufacturing industry” that specializes in the discovery and growth of promising breakthrough artificial intelligence (AI) companies. Including funds that invest in companies in Latin America, the company currently invests in around 160 companies, of which 20-30 companies will “land those that are suitable for Japan” in the future in Japan. He expressed his intention to lead the development of services. .

Rice operates a shared office undergoing restructuringRegarding WeWork, although it was affected by the spread of the novel coronavirus, it said cost reductions are progressing and that “SPAC (special purpose acquisition company) has been proposed.”

  Regarding the order to cancel the IPO of the financial technology company Ant Group, which is under the umbrella of Alibaba Group Holding, China is in the process of tightening the regulations on the financial industry seriously and “to grow solidly. It was recognized that it was a necessary process.

Talking about hobbies with Mr. Ma from Alibaba

Also, Mr. Jack Ma, the founder of the group, who did not appear for several months until the end of January, exchanged “personal hobby stories”, such as sending pictures that he drew.

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In addition, he responded “without comment” to the question about the possibility of delisting SoftBank G, which is attracting attention in the stock market.

In the October-December 2020 (third quarter) financial results announced by SoftBank G on the 8th, net income was 1,172 billion yen, a significant increase of 55 billion yen over the same period last year, and it was in the black for the third consecutive quarter. Investment gains and losses of Vision Fund and others continue to improveDoor boardAn unrealized valuation gain was recorded due to the increase in the Uber Technologies share price

Softbank G net income exceeds 1 trillion yen, the fund is strong and profitable for 3 consecutive quarters

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