SoftBank Vision Fund set for new portfolio champion with Coupang IPO

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Mon, 2021-02-22 04:01

TOKYO/SEOUL: SoftBank’s $100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming floatation of top South Korean e-tailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit.
The $50 billion target valuation that Reuters reported this month would likely see the decade-old firm surpass recently listed US food deliverer DoorDash Inc. on a roster of assets that also includes stakes in TikTok parent ByteDance and ride-hailers Grab and Didi.

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