IPOs & Markets
The tech bets have helped drive Rakuten's shares up 56% this year, making it one of the top performers in the Nikkei 225 index.
With that addition, SoftBank Corp forecast its operating profit would rise to 890 billion yen in the current financial year through March 2020.
Following the listing of domestic telco SoftBank Corp in December, the Vision Fund is the largest segment in SoftBank's earnings without a market v
Rest of Asia
Despite SoftBank's oversized presence in the global ride-hailing industry, such services are effectively banned in Japan.
The tech conglomerate decided on its largest ever such float after determining there was strong demand from retail investors.
Rakuten become Lyft's largest shareholder with a 13 percent stake ahead of its IPO.
Honda and Hino, in which Toyota owns a majority stake, would each invest around 250 million yen (£1.7 million) in the JV and take 10% stakes.
Last year the startup received $4.50 million investment from SoftBank Corp. Other investors include Salesforce.Com, Mitsui & Co and Dentsu.
The global fund from newly rebranded Seoul-based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month.
It will be headed by SoftBank COO Marcelo Claure with Japanese conglomerate committing an initial $2B
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