SoftBank Vision Fund set for new portfolio champion with Coupang IPO
SoftBank’s US$100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming flotation of top South Korean e-retailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit.
The US$50 billion target valuation that Reuters reported…
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SOURCE: CHANNEL NEWS ASIA