Tag Archives: softbank

CoinspeakerSoftBank Group Is Contemplating US IPO for Its PayPay Payments Division Before the end of 2023, SoftBank may finalize IPO efforts in the US for PayPay and Arm. SoftBank Group Is Contemplating US IPO for Its PayPay Payments Division

CoinspeakerYahoo Set to Make Comeback by Going Public via IPO The tech industry has witnessed a surge in IPOs this year, reflecting the robust investor appetite for innovative and high-growth companies. Yahoo Set to Make Comeback by Going Public via IPO

Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.  SoftBank sustained a $32 billion record loss for its Vision Fund tech investment arm amid a challenging period for tech stocks. For its fiscal year ending March 31st, the Japanese investment holding company’s Vision Fund posted a 4.3 trillion yen ($32 billion) deficit. This loss surpassed the 2.55 trillion yen that SoftBank sustained in the same period last year....

Following the IPO, Rakuten Bank is billed to finally go public on the Tokyo Stock Exchange on April 21. Rakuten Bank, the financial services offshoot of the Japanese conglomerate Rakuten Group is set to go live following a successful float of its Initial Public Offering (IPO). According to a report from The Business Times, Rakuten Bank priced its IPO at 1400 Yen, a point that coincided with the upper range of its revised pricing. In the months and weeks leading to the IPO, Rakuten Bank set...

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SoftBank-backed OneConnect Financial Technology has joined the China Merchants Port Group (CMPort) to build a blockchain-based platform logistics system.A SoftBank-supported fintech firm OneConnect is set to develop a blockchain-based platform. Sources say that OneConnect Financial Technology is to develop a logistics system for the Guandong-Hong Kong-Macau region within the joint program with the China Merchants Port Group. OneConnect Financial Technology is the fintech arm of top Chinese...

As the merger between T-Mobile and Sprint is finalized, both companies have made a few amendments and hope to finalize all details by April. Deutsche Telekom will get a good stake.According to a recent announcement, both Sprint and T-Mobile have agreed to change the details for their new merger should be finalized shortly. The new amendment will allow Germany’s Deutsche Telekom to hold much more control in the newly-formed company.Sprint and T-Mobile Agree to ChangesAccording to the new...

The largest electronic commerce company in South Korea Coupang Corp. is launching IPO (Initial Public Offering) in 2021. The company has declined to provide any comments on the news, but those familiar with the matter state that the information is accurate.It is notable that some consider Coupang as an unprofitable company. However, it attracts investors and expands its services. It is also seen as a strong rival by South Korea’s biggest food delivery app Woowa Brothers Corp. that sold an 87%...