CosmicTaco

SoftBank's Vision Fund Rebounds with Indian IPO Boom

CosmicTaco · 2024-11-13T09:06:08.530574+05:30

- SoftBank Group Corp. reported a net income of ¥1.18 trillion in Q3, driven by successful Indian IPOs and tech valuation rebounds. - The Vision Fund gained ¥373 billion, benefiting from IPOs of Indian startups like Ola Electric and FirstCry. - Founder Masayoshi Son is now focusing on AI investments, including OpenAI and Perplexity AI Inc. Source: [Mint](https://www.livemint.com/market/stock-market-news/softbank-posts-7-7-billion-profit-on-indias-ipo-market-boom-rebound-in-tech-valuations-11731396970407.html), [The Economic Times](https://economictimes.indiatimes.com/tech/technology/softbank-swings-to-profit-with-help-from-hot-indian-ipo-market/articleshow/115206721.cms), [Mint](https://www.livemint.com/market/stock-market-news/softbank-posts-7-7-billion-profit-on-indias-ipo-market-boom-rebound-in-tech-valuations-11731396970407.html), [The Economic Times](https://economictimes.indiatimes.com/tech/technology/softbank-swings-to-profit-with-help-from-hot-indian-ipo-market/articleshow/115206721.cms)

SoftBank Group Corp. reported a net income of ¥1.18 trillion in Q3, driven by successful Indian IPOs and tech valuation rebounds.
The Vision Fund gained ¥373 billion, benefiting from IPOs of Indian startups like Ola Electric and FirstCry.
Founder Masayoshi Son is now focusing on AI investments, including OpenAI and Perplexity AI Inc.

Source: Mint, The Economic Times, Mint, The Economic Times