Coupang’s $4.6 billion offering was the second biggest this year and marks SoftBank’s best return since Alibaba Group Holding Ltd.’s listing in 2014.
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Greensill Capital was a key part of what Son dubbed his "Cluster of No. 1’s” strategy, taking noncontrolling stakes in the world’s leading tech companies and encouraging them to cooperate.
Masayoshi Son’s conglomerate has lost a number of senior executives over the past several months.
The Japanese e-commerce pioneer has benefited from a boom in online shopping during the pandemic, but faces stiff competition from Amazon.com Inc.
If Coupang succeeds in its public debut, SoftBank’s windfall could exceed the $11 billion it reported from DoorDash Inc.’s December IPO.
A global rally in technology shares has boosted the value of SoftBank’s stakes in publicly traded firms like Uber Technologies Inc.
Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
The IPOs could give Son another round of enormous gains after successful offerings from DoorDash Inc. and KE Holdings Inc. in 2020.
Chastened by a string of disastrous overseas acquisitions, the industrial giant is once again looking to buy — this time more cautiously and closer to home.
Under Japanese regulations, founder Masayoshi Son could compel other shareholders to sell when he gets to 66% ownership, perhaps without paying a premium.