SFT.F - SoftBank Group Corp.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
40.51
-1.12 (-2.69%)
At close: 6:58PM CEST
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Previous Close41.63
Open40.71
Bid40.52 x 30000
Ask40.90 x 30200
Day's Range40.51 - 41.58
52 Week Range27.49 - 49.90
Volume5,906
Avg. Volume3,951
Market Cap84.198B
Beta (3Y Monthly)1.64
PE Ratio (TTM)2.83
EPS (TTM)14.31
Earnings DateN/A
Forward Dividend & Yield0.36 (0.86%)
Ex-Dividend Date2019-09-27
1y Target EstN/A
  • SoftBank Will Let People Invest in IPOs With Less Than $10
    Bloomberg

    SoftBank Will Let People Invest in IPOs With Less Than $10

    (Bloomberg) -- SoftBank Corp.’s brokerage unit plans to do something that may be a first in capital markets. It will allow individuals in Japan to participate in initial public offerings with as little as a 1,000-yen note (worth a bit less than a 10-dollar bill).One Tap BUY Co., controlled by the wireless unit of investment giant SoftBank Group Corp., is preparing to start offering such sales as early as March 2020 after obtaining the necessary regulatory approvals. This will mark the first time that investors will be able to subscribe to an IPO by investment amount rather than specified number of shares, said One Tap BUY Chief Executive Officer Masaaki Uchiyama."When you buy food or fuel your car, it’s easier to specify the amount of money you want to spend rather than the volume," Uchiyama said in an interview. "The only thing investors want to know is how much they can gain from $10."SoftBank is going up against competition from Line Corp. and Rakuten Inc. in the race to tap individuals through financial services. Line started an online brokerage with Japan’s biggest bank, Nomura Holdings Inc., this week, while Rakuten last month announced it will start lending and issuing credit cards in the United States. All three are aiming to create and expand new markets, targeting younger and less well-off investors.SoftBank owns 46% of One Tap BUY, while Mizuho Securities Co. holds 13%. Uchiyama, who joined the smartphone-based brokerage in 2016 after stints at the predecessors of SMBC Nikko Securities Inc. and Accenture Plc., became the CEO in July.One Tap BUY will seek an IPO of its own in the next three to five years, the CEO said. Ahead of that, the company plans to raise as much as 3 billion yen ($28 million) from investors by March 2020 to expand its brokerage operation, he added.”As long as we are a unit of SoftBank, we are supposed to seek to become a unicorn,” Uchiyama said.To contact the reporter on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Takashi Amano at tamano6@bloomberg.net, ;Peter Elstrom at pelstrom@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Indian Regulator Clears Canadian Pension Fund Stake In Delhivery

    An Indian government regulator cleared the way for the investment arm of Canada's public pension fund to acquire up to 8 percent of the logistics firm Delhivery . The Competition Commission of India announced ...

  • Bloomberg

    SoftBank in Talks to Hire Senior Ex-Deutsche Bank Trader

    (Bloomberg) -- John Pipilis, the former head of fixed-income trading at Deutsche Bank AG, is in talks to join SoftBank Group Corp.’s giant investment fund in a senior position.Pipilis’s potential role would be head of financing at SoftBank Investment Advisers, according to two people familiar with the matter who asked not to be named because the talks are private. SBIA manages the $100 billion Vision Fund, the world’s biggest pool of technology investments, which holds stakes in WeWork, Uber Technologies Inc. and Slack Technologies Inc.The talks may not result in Pipilis being hired, the people said. Still, the discussions not only highlight how former traders from Deutsche Bank are reconvening at SoftBank, but also how the Japanese conglomerate is increasingly using financial structuring to help manage its growing tech portfolio.Pipilis, a veteran of the German lender until leaving amid its historic overhaul earlier this year, oversaw one of the world’s biggest fixed-income trading businesses, dealing in everything from derivatives tied to corporate and sovereign debt, currencies and interest rates to junk bonds and leveraged loans.Pipilis declined to comment, as did a spokesman from SoftBank.Deutsche Bank Chief Executive Officer Christian Sewing is cutting 18,000 jobs and retreating from risky trading businesses in the latest revamp of the Frankfurt-based lender, which has struggled over the years with legal and regulatory woes. The various overhauls have prompted the departures of a number of top staff.SoftBank has become home to a number of Pipilis’ former colleagues. Colin Fan, the former co-head of Deutsche Bank’s investment-banking unit, joined SoftBank in 2017, while Rajeev Misra, who built the German lender’s credit derivatives and trading business, is the Japanese company’s head of strategic finance and is in charge of the Vision Fund.Other former Deutsche Bank staff who now ply their trade at SoftBank include Akshay Naheta, Murtaza Ahmed, Munish Varma, Saleh Romeih, Faisal Rahman, Aamir Akram, and Ziyad Al Ashaikh.Unlike traditional tech investors, who buy equity stakes in startups, SoftBank has used a variety of investment strategies to fund its deals, from seeking lines of credit to using billion-dollar collar trades. Pipilis’s role may be to help the Vision Fund manage its debt, but also advise on fixed-income strategies for companies in its portfolio, one person said.\--With assistance from Sonali Basak.To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Donal Griffin in London at dgriffin10@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Keith Campbell, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    SoftBank-backed IoT company Uhuru to seek London IPO

    The start-up develops technology that connects smart devices and their associated internet infrastructure to the cloud. Uhuru, whose business partners include British chip designer Arm Holdings, among others, mainly supplies to Japanese multinationals such as Honda, Dentsu, Mitsubishi Heavy Industries and Yamaha. Its technology helps customers to operate and manage internet-connected devices — from wind turbines to heavy machinery — and analyse the data flowing from them.

  • TheStreet.com

    [video]SoftBank to Lend Up to $20B to Employees to Invest in Second Vision Fund- Report

    Japanese mobile-phone and technology conglomerate SoftBank plans to lend up to $20 billion to its employees to buy stakes in its second giant venture-capital fund.

  • Financial Times

    Battle over Unizo points to surge in activist investing in Japan

    An investment arm of SoftBank has launched a surprise “white knight” offer for a Japanese hotel chain as investors witness a rare spate of hostile takeovers and other corporate manoeuvres once deemed taboo in the country. The friendly buyout offer of up to $1.3bn from SoftBank’s Fortress Investment Group for Unizo Holdings came after travel agency HIS launched a hostile takeover attempt of the hotel group last month. Fortress, which has invested in more than 100 hotels in Japan, has offered ¥4,000 ($38) a share for all of Unizo’s shares.

  • SoftBank plans to lend up to $20 billion to employees to invest in new fund - WSJ
    Reuters

    SoftBank plans to lend up to $20 billion to employees to invest in new fund - WSJ

    Son himself may account for over half of that amount, the Journal reported, adding that executives feel that such a step will make employees more accountable as the investments of the fund can be canceled if a manager leaves or is found to have engaged in a "reckless deal". The loans are likely to have an interest rate of about 5%, the WSJ said, citing a source.

  • SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
    Reuters

    SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

    Son himself may account for over half of that amount, the Journal reported, adding that executives feel that such a step will make employees more accountable as the investments of the fund can be canceled if a manager leaves or is found to have engaged in a "reckless deal". The loans are likely to have an interest rate of about 5%, the WSJ said, citing a source.

  • SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund
    TechCrunch

    SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

    SoftBank revealed its plans for its second Vision Fund last month, including$38 billion from SoftBank itself, as well as commitments from Apple,Microsoft and more

  • Bloomberg

    SoftBank to Lend Up to $20 Billion to Employees for Fund: WSJ

    (Bloomberg) -- SoftBank Group is planning to lend up to $20 billion to its employees to buy stakes in its second giant venture-capital fund, Wall Street Journal reported, citing people familiar with the matter.Chief Executive Masayoshi Son may account for more than half of that amount, the paper said, adding that the employee pool at $20 billion, would represent nearly a fifth of the money that SoftBank said last month it had lined up for its second Vision Fund.A Vision Fund spokesman didn’t comment to the newspaper.To view the source of this information click hereTo contact the reporter on this story: Sebastian Tong in San Francisco at stong41@bloomberg.netTo contact the editors responsible for this story: Sarah Kopit at skopit@bloomberg.net, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    SoftBank staff to put up to $15bn into new Vision Fund

    SoftBank is planning to pour up to $15bn into its new technology investment fund on behalf of its own employees, topping up the contributions promised from outside investors such as Apple and Microsoft. People familiar with the matter said a large part of the employee contributions would be funded personally by Masayoshi Son, the risk-taking billionaire founder of the Japanese group. The exact size of employee participation has not been finalised but it will come on top of the $38bn SoftBank has committed to invest in its second Vision Fund, which has a headline value of $108bn but few confirmed outside investors.

  • Reuters

    SoftBank's Fortress emerges as white knight for hotel chain Unizo with $1.3 billion bid

    Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel agency H.I.S. Co. U.S.-based Fortress Investment Group will launch a tender offer from next week for all of Unizo's shares at 4,000 yen apiece ($37.68), the companies said in separate statements, trumping the 3,100 yen that H.I.S. has offered. Unizo has publicly opposed the H.I.S. bid, saying it lacked synergy and undervalued the hotel chain.

  • Morningstar

    My Investment Howler

    In 1998, I owned three assets: 1) my 401(k) plan, to which I contributed the permitted maximum, 2) a fresh award of Morningstar stock options, with a strike price of $2.67, and 3) human capital. It was a good retirement plan. Morningstar was privately held, so my options could neither be exchanged for shares nor sold for cash.

  • Financial Times

    SoftBank strikes deal with Berkshire Grey warehouse robotics

    SoftBank has struck a new deal with Berkshire Grey, a warehouse robotics company that aims to arm retailers to take on Amazon’s automated operations. Berkshire Grey, which is based just outside Boston, was founded in 2013 by Tom Wagner, the former chief technology officer of iRobot, maker of the Roomba vacuum cleaner. Its team is staffed with alumni of Kiva Systems, the robotics company that Amazon bought in 2012 for $775m, as well as Uber, Tesla and Carnegie Mellon University.

  • SoftBank convertible note helped cut WeWork losses
    Reuters

    SoftBank convertible note helped cut WeWork losses

    Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller. The gain reduced the pace of expanding losses in the first six months of this year to a 25% increase from a year earlier rather than almost doubling it. The IPO will be a key test of investor appetite for fast-growing, money-losing startups.

  • Vision Fund makes $110 million bet on renewable energy storage
    Reuters

    Vision Fund makes $110 million bet on renewable energy storage

    Softbank Group's Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault. While many countries are keen to use renewable energy as part of efforts to cut carbon emissions in the fight against climate change, the challenge has been to find a way to store it for later use, particularly overnight or when demand surges. Inspired by the physics and mechanical engineering used in hydro plants, Energy Vault says its technology enables renewable energy to be stored in 35-ton bricks and delivered as baseload power for less than the cost of fossil fuels at any hour of the day.

  • Softbank Fund Makes Energy-Storage Bet With an Unusual Battery
    Bloomberg

    Softbank Fund Makes Energy-Storage Bet With an Unusual Battery

    (Bloomberg) -- SoftBank Group Corp.’s massive Vision Fund is making its first-ever energy storage bet -- and it’s on a rather unconventional type of battery.The fund, created by Japanese tech giant SoftBank Group Corp., is investing $110 million in Energy Vault, a Swiss startup that’s using cranes and concrete to store energy. An electric crane hoists up blocks of concrete and stacks them into a tower when power is plentiful. When power is needed, it uses gravity to take the structure apart brick by brick. The weight of the descending blocks converts kinetic energy into electricity.The startup faces stiff competition. Huge lithium-ion batteries have emerged as the storage of choice for utilities looking to deal with short-term fluctuations on their grids. The costs of those have plunged 85% since 2010. Entrepreneurs have long pitched alternatives that can hold more energy and supply for longer -- including ones that compress and liquify air and split and store hydrogen, but none have taken off the way lithium-ion has.Softbank’s $100 billion Vision Fund is betting on the need for more affordable and bigger storage systems to expand the use of renewable power and wean the world off fossil fuels. Even as the price of wind and solar plummets, they remain intermittent, supplying electricity to the grid at some times and not others. Unlocking a cheap way to bottle up clean power and dispatch it at will could change everything.Click here for a video explaining how Energy Vault’s system works.Energy Vault uses the same principle that’s long been employed by pumped-hydro storage dams, which use huge reservoirs and gravity to store energy and generate power. SoftBank is convinced the tower concept can scale quickly, with the systems installed next to existing solar power plants or wind farms.“The minute you have one solar power plant with these towers up and running, we think the scalability goes through the roof,” Akshay Naheta, managing partner for SoftBank Investment Advisers, said in an interview.He estimates the system can be deployed for 15% of the price of a similarly-sized lithium-ion battery installation. SoftBank itself will become one of Energy Vault’s customers and is installing one of the systems at an undisclosed location, Naheta said. Energy Vault also is building a demonstration plant in Italy and a plant for India’s Tata Power Company Ltd.Robert Piconi, Energy Vault’s co-founder and chief executive officer, said the technology will allow wind and solar facilities to supply electricity to the grid 24 hours per day, undercutting the costs of fossil fuel plants. Grid-scale lithium-ion battery packs, in contrast, typically deliver power for just four hours.“We’re solving a problem that, today, there’s just not a lot of answers for,” Piconi said.One advantage is that Energy Vault’s technology can be installed almost anywhere, unlike pumped-hydro systems that need at least two massive reservoirs at different elevations to work. That said, Piconi does not expect Energy Vault’s concrete towers to sprout in urban centers, where the aesthetics may not be appreciated.“Obviously, this is not something that’s going to fit in the middle of a city,” he said.To contact the reporter on this story: David R. Baker in San Francisco at dbaker116@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Joe Ryan, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • SoftBank-backed Oyo to invest $335 million in holiday rental's Europe push
    Reuters

    SoftBank-backed Oyo to invest $335 million in holiday rental's Europe push

    Indian hotel start-up Oyo said on Wednesday it will invest 300 million euros ($335.28 million) in its vacation home business, to expand its footprint in Europe. Oyo acquired Amsterdam-based holiday rental company @Leisure in May, after which the SoftBank-backed hospitality chain re-christened it Oyo Vacation Homes. The business now owns over 125,000 homes in more than 80 countries, Oyo said in an emailed statement.

  • Benzinga

    What We Know About WeWork's IPO Filing

    The We Company, formally known as WeWork , was founded in 2010 with a core mission of creating a world where "people work to make a life, not just a living." On Wednesday, the company released ...

  • WeWork reveals IPO filing
    TechCrunch

    WeWork reveals IPO filing

    WeWork, now known as The We Company, released its IPO prospectus Wednesdaymorning months after filing confidentially to go public

  • Financial Times

    SoftBank to invest $110m in brick tower energy storage start-up

    SoftBank Vision Fund will invest $110m into an energy storage start-up, Energy Vault, that plans to build huge brick towers that can store energy, marking the Vision Fund’s first foray into the fast-growing storage sector. The Lugano-based start-up said it would use the funding to pursue a rapid global deployment strategy, simultaneously building commercial-scale projects on four continents.

  • SoftBank Upends Latin American Startups with Billion-Dollar Deal Binge
    Bloomberg

    SoftBank Upends Latin American Startups with Billion-Dollar Deal Binge

    (Bloomberg) -- SoftBank Group Corp.’s Latin America foray, a multibillion-dollar deal spree that minted a wave of “unicorns” and upended the region’s startup landscape, is just getting started.The Japanese technology giant still has about $4 billion left in the $5 billion fund it launched in March for new technology companies in the region, and has its sights on roughly 300 targets, according to Andre Maciel, a managing partner at SoftBank Group International. About 200 of those are in Brazil, he said.“We already feel that the opportunity in the region is bigger than what we originally thought,” Maciel, SoftBank’s head of Brazil and structured transactions, said in an interview at the firm’s Sao Paulo offices. “There’s a lot outside of Brazil we still haven’t got around to even looking at.”For the next round, Maciel said he’s looking at companies in the health-care and real estate industries, as well as boosting bets in financial and mobility firms.SoftBank’s investments make up a vast chunk of the total market. Last year, investors stuffed $2.4 billion into startups in the region, more than double 2017’s total, according to PitchBook. In 2019 so far, deals have added up to $2.1 billion, with SoftBank-backed transactions making up the bulk of the total.“This is the kind of capital that has never been seen before in Latin America,” Maciel said.SoftBank isn’t the only venture capitalist pouring money in Latin America’s startup champions. Nu Pagamentos SA, the six-year-old fintech known as Nubank, announced a $400 million funding round led by venture capital firm TCV -- an early backer of Netflix Inc. and Spotify Technology SA -- in its first large investment in Latin America. Tencent Holdings Ltd. and Sequoia Capital, two existing Nubank investors, added money to the fund.Beyond infusing Latin American companies with cash -- in some cases more than tripling their valuations -- SoftBank is also investing in local venture capital funds. In June, SoftBank announced a partnership with Valor Capital Group, a fund with about $300 million invested in 37 Brazilian companies and U.S. firms looking to expand in Brazil.“In some cases we’ve more than doubled the investment firepower available to those funds,” Maciel said. “We don’t have the reach and structure to look at smaller transactions, but those funds do. They can irrigate the system for entrepreneurs.”Maciel, a 17-year veteran of JPMorgan Chase & Co., is one of Marcelo Claure’s three lieutenants in the region, and the only one based in Sao Paulo. The other two are Shu Nyatta, who shuttles between the Miami and Silicon Valley offices, and Paulo Passoni, who worked at Third Point LLC for seven years and is based in Miami. The trio report to Claure, the Bolivian-American chief executive officer of SoftBank Group International who oversees the Latin America expansion.New FirmsAnother part of the group’s mandate is to help SoftBank’s global portfolio of over 100 firms setting up footholds in Latin America. Maciel says there are plans to bring around 40 of those to the region, either through partnerships or local offices. Some of SoftBank’s most-successful ventures, from Uber Technologies Inc. and WeWork Cos. to Didi Chuxing, already have sizable local operations.The company has 10 employees on its local team and plans to reach as many as 30 in coming months. It’s also looking for a new building to house its offices in Sao Paulo, Maciel said, but will keep running into one of the biggest hurdles of its Latin America deal binge: the everybody-knows-everybody tightness of Brazil’s financial district.Maciel’s solution? “I’ve started taking some of our more delicate business meetings in my living room.”SoftBank’s Latin America investments:RappiA Colombia-based delivery startup. In May, SoftBank agreed to invest $1 billion in the firm, valuing it at around $3.5 billion, according to people familiar with the matter.ClipA Mexican payments fintech similar to Square.LoggiA Brazilian logistics platform. In June, SoftBank led a $150 million infusion for the firm, valuing it at $1 billion.GympassA Brazilian fitness startup. In June, SoftBank led a $300 million investment in the firm. Both the Vision Fund and the Latin American Fund participated.CreditasA Brazilian online lender for secured loans. In July, SoftBank led a $231 million investment in the firm, tripling its valuation. Both the Vision Fund and the Latin American Fund participated.Banco InterA Brazilian digital bank. In July, SoftBank, through a vehicle called LA BI Holdco LLC, bought an 8.1% stake at the lender, paying roughly 760 million reais ($190 million), according to a regulatory filing.VolantyA Brazilian digital dealership for used cars. In August, it received a 70 million reais investment led by SoftBank and Argentine venture capital firm Kaszek.To contact the reporters on this story: Felipe Marques in Sao Paulo at fmarques10@bloomberg.net;Vinícius Andrade in São Paulo at vandrade3@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Steve Dickson, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    SoftBank founder aims to create ‘ecosystem’ of companies

    The two-day event will mark the first time since the Japanese group’s $100bn investment fund was launched in 2017 that all the leaders of its portfolio companies have come together in the same place, at the same time. As SoftBank embarks on a new fundraising round of its own, to raise another $108bn for a second Vision Fund, the LA meeting is part of SoftBank founder Masayoshi Son’s ambition to create an “ecosystem” of companies that can collaborate to accelerate growth — and its own returns.

  • Financial Times

    SoftBank ‘operating group’ to forge alliances between its start-ups

    SoftBank has quietly created an “operating group” within its Vision Fund, tasking dozens of its own employees with forming alliances between the $100bn tech investor’s portfolio of start-ups and helping to prepare its companies to go public. Vision Fund has invested in a range of tech companies, including Uber, the car-sharing group, messaging service Slack and Oyo, the Indian hotel chain.