{"id":88785,"date":"2020-10-13T19:05:39","date_gmt":"2020-10-13T16:05:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/softbanks-vision-fund-to-launch-its-own-blank-check-company\/"},"modified":"2020-10-13T19:05:39","modified_gmt":"2020-10-13T16:05:39","slug":"softbanks-vision-fund-to-launch-its-own-blank-check-company","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/softbanks-vision-fund-to-launch-its-own-blank-check-company\/","title":{"rendered":"#SoftBank’s Vision Fund to launch its own blank-check company"},"content":{"rendered":"

“#SoftBank’s Vision Fund to launch its own blank-check company<\/strong>”
\n<\/p>\n

\n SoftBank is hopping on the blank-check company bandwagon.<\/p>\n

The Japanese finance giant known for big bets on startups such as WeWork and Uber is planning to launch its own special-purpose acquisition company, an investment vehicle favored by a growing number of billionaires, according to reports.<\/p>\n

SoftBank\u2019s Vision Fund is reportedly seeking money from outside investors<\/a> for the so-called SPAC, a publicly traded outfit that raises cash to buy or merge with another company that takes over its stock listing. The shell companies have become a popular alternative to a traditional initial public offering.<\/p>\n

It\u2019s uncertain what kind of company SoftBank\u2019s SPAC might target, but Vision Fund boss Rajeev Misra said more details will be revealed in the next two weeks.<\/p>\n

\u201cWhile a good, large company that was going to go public, will go the IPO route anyway, the SPAC is right for a good growth company that had plans to go public in a year or nine months and uses this window of buoyant capital markets,\u201d Misra said Monday at the Milken Institute Global Conference, according to Barron\u2019s<\/a>.<\/p>\n

SoftBank may also put some of its own money into the SPAC at a time when the company is flush with cash as CEO Masayoshi Son sells off its core assets, Reuters reported.<\/p>\n

An unprecedented number of SPACs have hit the markets this year, including those backed by billionaire hedge-fund tycoon Bill Ackman, Virgin magnate Richard Branson and baseball executive Billy Beane.<\/p>\n

Some 144 SPACs have raised more than $50 billion worldwide through public offerings so far this year, compared with 94 listings that raised $14 billion last year, according to Refinitiv data. Big-name firms including sports-betting site DraftKings and electric-vehicle maker Nikola have gone public through SPAC mergers in recent months.<\/p>\n

With Post wires<\/em>\n <\/div>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#SoftBank’s Vision Fund to launch its own blank-check company” SoftBank is hopping on the blank-check company bandwagon. The Japanese finance giant known for big bets on startups such as WeWork and Uber is planning to launch its own special-purpose acquisition company, an investment vehicle favored by a growing number of billionaires, according to reports. SoftBank\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":88786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Softbank.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[75555,73711,70584,74124],"class_list":["post-88785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-13-20","tag-investments","tag-mergers-acquisitions","tag-softbank"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/88785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=88785"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/88785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/88786"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=88785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=88785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=88785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}