• About
  • Contact
Sunday, June 26, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

$33 Billion Profit In SoftBank’s Investment Due to Record Opening of Coupang IPO

Abdul Kadir Khan by Abdul Kadir Khan
March 12, 2021
in News, Industries, Retail, Startup
Reading Time: 2 mins read
A A
0
photo 2021 03 12 15 50 24

On Thursday, SoftBank gained $33 billion when Coupang’s public debut saw a spike of 81% in its share value. Coupang is the largest e-commerce company in South Korea, whereas Softbank invested $3 billion in Coupang in 2018. Softbank Vision Fund value jumped to $100 billion with this latest development.

SoftBank Earns Huge Profit in Recent Months

Coupang created history in the US stock market with a $4.6 billion funding raise. Coupang shares saw a jump of 81%. It is one of the monster public debut in 2021.

As per the old funding record reports, SoftBank invested $3 billion to get a 37% stake in Coupang. THE current IPO debut of Coupang makes $33 billion profit for SoftBank.

Coupang’s successful IPO brought a sigh of relief for SoftBank who is struggling with big losses. The Japanese investor lost billions of dollars when Greensill Capital collapsed. Greensill is a supply chain startup from the UK, whereas Vision Fund is the main investor in it. SoftBank invests in startups and other firms through its Vision Fund Capital operations.

In February 2021, Softbank recorded 20 times more net profit in the third quarter of FY2020-21. Vision Fund saw a record recovery in the last few months it is famous for early investment in worldwide startups. The company is known for its huge investment in Uber and other tech firms.

How SoftBank is Recovering from Pandemic?

In 2020, Japanese Investor SoftBank was struggling due to the flopped IPO and Market Cap downfall of WeWork firm. People started questioning Masayoshi Son’s judgment. Experts were believing that Masayoshi should bring a new boss to handle SoftBank operations.

photo 2021 03 12 12 31 44

The COVID-19 affected SoftBank so badly that Son sold few assets of its company. At the same time, his new investments showed a ray of hope for SoftBank.

SoftBank started in 2021 with the largest investment of $225 million in Forward Health, a healthcare startup. The company started more investment in the second half of 2020 due to lockdown ease worldwide. The company also earned $11 billion due to a whopping share surge in DoorDash Inc in December 2020. DoorDash is an online food delivery platform with a market cap of $70 billion.

SoftBank also made gains through Opendoor Technologies IPO in December 2020. Vision Funds has large stakes in Didi, an online ride firm in China. It also has a significant stake in Grab, an online ride provider in SouthEast Asia, and is also considered the main rival of Uber.

SoftBank has also started acquiring companies through a blank check firm concept but did not find any takers yet in this area. When contacted, SoftBank did not comment about anything related to the current developments of the investing firm.

Previous Post

Warren Buffett Joins $100 Billion Club

Next Post

Gautam Adani Beats Musk, Bezos, Ambani with Maximum Wealth Surge in 2021

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
Next Post
Gautam Adani, Founder Adani Group

Gautam Adani Beats Musk, Bezos, Ambani with Maximum Wealth Surge in 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.