SoftBank set to report small profit increase, investors to seek info about Vision Fund IPO

SoftBank set to report small profit increase, investors to seek info about Vision Fund IPO

REUTERS/Issei Kato

Japan’s SoftBank Group Corp is expected to report a small rise in its fourth-quarter profit, while investors look for details on whether the conglomerate plans to monetize its almost $100 billion Vision Fund through an IPO.

SoftBank is considering taking the Saudi-backed investment fund public, a source said on Friday, adding that no formal process has been started.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter