Profit of Softbank vision fund in last quarter

Softbank (44.73, – 0.72, – 1.58%) group will release its fourth quarter results as of the end of March on May 12. At present, the market generally expects that the company’s vision fund will record a record profit, mainly benefiting from the investment income of coupang, a South Korean e-commerce giant.

Profit of Softbank vision fund in last quarter

Softbank owns 37% of coupang. According to people familiar with the matter, Softbank paid only about $3 billion to buy the shares, while the value of the shares had risen to about $30 billion by the end of March. However, coupang’s share price has fallen 14% since March.

Investment income from coupang and Uber (55.48, – 2.37, – 4.10%) is expected to increase the profit of Softbank vision fund for the third consecutive quarter. Last year, as the valuation of its portfolio fell during the outbreak, the fund dragged the entire Softbank group to record losses.

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