SoftBank’s long-haul ride-hailing bet shows signs of promising returns

Monitors display Uber Technologies Inc. signage in front of Morgan Stanley headquarters in New York, U.S., on Friday, April 26, 2019. Photographer: Michael Nagle/Bloomberg

As Uber Technologies Inc. prepares for its mammoth initial public offering later this week, no one has more on the line in the ride-hailing business than Masayoshi Son. The Japanese entrepreneur has bet $18 billion on the sector by taking stakes in the U.S. pioneer and three similar startups.

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