Food-delivery company DoorDashnetted $8.3 billion for SoftBank’s $100 billion Vision Fund after an initial public offering in December was well-received. The Japanese company booked ¥1.77 trillion of investment gains last quarter, equivalent to $16.7 billion, mostly from the Vision Fund and its $10 billion successor. SoftBank’s net asset value, however, fell by $37 billion last quarter: mostly because of the troubles of the company’s biggest investment, Alibaba. SoftBank’s share price nonetheless has continued to go up: it is now just 6% off its all-time high during the dot-com boom. SoftBank’s asset sales and buybacks last year helped narrow the discount of its market value to its net asset value.

Source: Mint February 08, 2021 15:52 UTC