Two-thirds of the value of SoftBank Group Corp’s $100 billion Vision Fund is concentrated in 10 firms in industries including ride-hailing, food delivery, e-commerce and semiconductors:
China’s biggest ride-hailing firm Didi is targeting a listing in Hong Kong this year with a valuation of more than $60 billion, sources told Reuters in October.
Southeast Asian ride-hailing firm Grab is considering a U.S. listing this year, sources told Reuters last month, after the collapse of merger talks with regional rival Gojek.
Uber Technologies Inc
The U.S. ride-hailing firm’s stock has gained almost 300% since lows last March, lifting its market capitalisation to more than $100 billion. Vision Fund trimmed its stake in January.
The food delivery firm listed in December. Its stock has since doubled in price, giving it a market cap of over $60 billion.
South Korea’s dominant e-commerce player is targeting a $50 billion valuation for its New York listing, a source told Reuters earlier this month.
SoftBank agreed in September to sell Arm to Nvidia Corp in a $40 billion deal, which faces industry opposition and regulatory hurdles in major markets. Vision Fund holds a 25% stake in the Cambridge, England-based chip designer.
A media report that Beijing-based TikTok parent ByteDance is in talks to list the video app in New York was denied by a source last week. The firm’s revenue is growing rapidly in China, Reuters reported last year.
Full Truck Alliance
The Chinese truck services startup hopes to list as early as this year, sources told Reuters in November.
Real estate brokerage Compass is targeting a listing this year, Bloomberg reported in November.
British software provider Aveva Group PLC agreed in August to buy peer OSIsoft in a $5 billion deal.