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    Home»IPO»SoftBank Vision Fund set for new portfolio champion with Coupang IPO
    IPO

    SoftBank Vision Fund set for new portfolio champion with Coupang IPO

    February 23, 2021Updated:February 23, 20211 Min Read
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    SoftBank’s $100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming floatation of top South Korean e-tailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit.

    The $50 billion target valuation that Reuters reported this month would likely see the decade-old firm surpass recently listed U.S. food deliverer DoorDash Inc on a roster of assets that also includes stakes in TikTok parent ByteDance and ride-hailers Grab and Didi.

    “The market’s assessment isn’t exaggerated,” said analyst Park Eun-kyung at Samsung Securities. “Coupang’s market leadership is a premium factor.”

    Reporting by Sam Nussey in Tokyo and Joyce Lee in Seoul; Editing by Christopher Cushing

    Read more at Reuters

     

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    2021 IPO IPOs PE Insider Private Equity
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