SFTBF - SoftBank Group Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
95.65
+0.40 (+0.42%)
At close: 2:23PM EDT
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Previous Close95.25
Open95.65
Bid0.00 x 0
Ask0.00 x 0
Day's Range95.65 - 95.65
52 Week Range62.59 - 112.50
Volume372
Avg. Volume5,678
Market Cap90.877B
Beta (3Y Monthly)2.09
PE Ratio (TTM)6.69
EPS (TTM)14.31
Earnings DateN/A
Forward Dividend & Yield0.40 (0.42%)
Ex-Dividend Date2019-09-27
1y Target Est61.26
Trade prices are not sourced from all markets
  • Reuters6 days ago

    SoftBank-backed Tokopedia scores record $1.3 bln Ramadan sale

    Tokopedia, an Indonesian e-commerce site backed by SoftBank and Alibaba , said on Wednesday it generated a record $1.3 billion in gross merchandise volume (GMV) during Ramadan sale, amid soaring demand for online retail. "Those transactions are happening across 97% of sub-districts in Indonesia and involved 5.9 million sellers," said Tokopedia founder and CEO William Tanuwijaya. The start-up secured $1.1 billion in a funding round in December, led by Japan's SoftBank Group Vision Fund and Chinese e-commerce giant Alibaba Group Holding Ltd. Sources say Tokopedia is valued at $7 billion.

  • Most SoftBank Vision Fund investors want to join second fund - CEO Son
    Reuters6 days ago

    Most SoftBank Vision Fund investors want to join second fund - CEO Son

    Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, and discussions with those investors will begin soon, SoftBank founder and Chief Executive Masayoshi Son said on Wednesday. The comment came at the Japanese group's first annual general meeting since it listed telecommunications firm SoftBank Corp in December, in a move widely considered as completing its transformation into a tech-focused investor. Reflecting that shift, Son said he wants to be the conductor in an artificial intelligence-driven technological revolution.

  • Most SoftBank Vision Fund investors want to join second fund: CEO Son
    Reuters6 days ago

    Most SoftBank Vision Fund investors want to join second fund: CEO Son

    Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, and discussions with those investors will begin soon, SoftBank founder and Chief Executive Masayoshi Son said on Wednesday. The comment came at the Japanese group's first annual general meeting since it listed telecommunications firm SoftBank Corp in December, in a move widely considered as completing its transformation into a tech-focused investor. Reflecting that shift, Son said he wants to be the conductor in an artificial intelligence-driven technological revolution.

  • Enterprise healthcare platform Collective Health raises $205M led by SoftBank
    TechCrunch8 days ago

    Enterprise healthcare platform Collective Health raises $205M led by SoftBank

    SoftBank's Vision Fund may be facing some challenges when it comes torestocking its massive reserves, but the firm famous for cutting big checks isleading a sizeable round for Collective Health

  • Arm shows SoftBank does tech PE the right way
    TechCrunch13 days ago

    Arm shows SoftBank does tech PE the right way

    Private equity firms get a bad rap — and not without reason. In the prototypical example, a bunch of men in suits (and these folks always seem to be men for some reason) swoop in from Manhattan with Excel spreadsheets and pink slips, slashing and burning through an organization while ladening the balance sheet with debt in an algebraic alchemy of monetary extraction.

  • SoftBank Taps Goldman for Talks on Second $100 Billion Fund
    Bloomberg13 days ago

    SoftBank Taps Goldman for Talks on Second $100 Billion Fund

    (Bloomberg) -- SoftBank Group Corp. is working with Goldman Sachs Group Inc. to raise money for its second $100 billion technology investment fund and will begin formally soliciting investors in July, according to people familiar with the matter.SoftBank and its bankers, which also include Centricus and Cantor Fitzgerald, have held preliminary talks with sovereign wealth funds from Singapore, Saudi Arabia, Abu Dhabi, Kazakhstan and Oman, said the people, who asked not to be named because the matter is private. SoftBank may contribute $40 billion to $50 billion, up from $28 billion in the first fund, because of what founder Masayoshi Son sees as potentially lucrative returns, the people said. The goal is to close the fund by March 2020, one person said.While Son has made no secret of his intention to raise more capital after the first Vision Fund, there has been heated debate over whether he would be able to create another $100 billion behemoth. The initial fund was the largest ever of its kind, fueling concern it would drive up startup valuations and hurt returns. Adding evidence to the argument was the initial public offering flop by Uber Technologies Inc., one of the fund’s highest-profile investments.Yet SoftBank and its bankers have gained confidence in their effort after they were approached by several sovereign wealth funds and received positive early responses from other investors. The talks are preliminary and the fund may not close as intended next year or may raise less money than anticipated, the people said.“Because we have made great results and performance in SoftBank Vision Fund I, a majority of investors have shown high interest in Vision Fund II,” Son said last month on a conference call to discuss earnings. “On top of that, many investors around the world showed their interest to be part of Vision Fund II.”SoftBank’s representatives declined to comment on the details for the second fund.The first Vision Fund was dominated by Saudi Arabia, which contributed $45 billion of the total. Mohammed bin Salman, the crown prince and chairman of the nation’s sovereign wealth fund, told Bloomberg in October that he would pledge the same amount of money for the next Vision Fund. However, it is unlikely the Public Investment Fund will invest such a large amount the second time around, in part because SoftBank has been keen to broaden its investor base, the people said.Saudi Arabia and the crown prince faced outrage last year after the murder of government critic Jamal Khashoggi. Analysts such as Sanford C. Bernstein & Co.’s Chris Lane worked through the financial implications if SoftBank were to take little or no money from the Saudis in the future.PIF declined to comment on its plans for the second Vision Fund.Singapore’s GIC Pte, Kazakhstan’s sovereign fund and financial firms in Taiwan may each invest $2 billion or more in the new fund, while Oman may put in a smaller amount, one person said. GIC declined to comment, while Kazakhstan and Oman didn’t respond to requests for comment.London-based Centricus, formed by former Deutsche Bank AG banker Nizar Al Bassam and former Goldman partner Dalinc Ariburnu, helped with fundraising and advised on the first Vision Fund. Rajeev Misra, who oversees the fund, is a former Deutsche Bank executive.Son disclosed that the first Vision Fund has earned his company 62% returns so far after making 71 investments for a total of $64.2 billion. Those returns have been boosted because part of the capital contributed by other investors is in fixed-return preference shares that are capped at 7%. In a research report, Bernstein’s Lane explained that limited partners made 45% on their common shares and a blended return of 29% including the preference shares.Son said in an interview with Bloomberg News last year that he would like to raise a new Vision Fund every two or three years because he sees so many opportunities in artificial intelligence and other cutting-edge technologies. He said in May that the second fund would be about the same size as the current Vision Fund.The first fund has taken stakes in many of the world’s leading technology companies, including Uber and WeWork Cos. Ride-hailing is the single biggest segment, including stakes in China’s Didi Chuxing, India’s Ola and Singapore’s Grab.SoftBank is leading a $300 million investment Gympass, a Brazilian startup that lets employers make gym workouts more accessible for workers, through its Vision Fund and new Latin American fund, the firm said Wednesday.“My heart and mind are full of energy for the Vision Fund, taking up 97% of my brain,” Son said in May.(Adds Gympass funding details in penultimate paragraph.)\--With assistance from David Ramli, Donna Abu-Nasr, Fiona MacDonald, Pavel Alpeyev and Nariman Gizitdinov.To contact the reporters on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net;Giles Turner in London at gturner35@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Takashi Amano at tamano6@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters13 days ago

    Nikkei snaps 3-day winning streak as fresh trade worries weigh

    Japan's Nikkei share average fell on Wednesday, snapping a three-day winning streak, as the tough stance taken by U.S. President Donald Trump in his latest comments on trade negotiations with China fed worries of a global slowdown. The Nikkei fell 0.4% to 21,129.72, with an immediate resistance seen at its current 100-day moving average at 21,272. Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points", without specifying what those issues were.

  • Reuters13 days ago

    Nikkei rally runs out of steam on fresh trade worries

    Japan's Nikkei share average struggled to extend gains on Wednesday after a three-day winning streak, as the White House's latest tough stance on China kept worries about a global slowdown intact. The Nikkei rose 0.09% to 21,223.36, with an immediate resistance seen at its 100-day moving average now at 21,272.

  • Reuters14 days ago

    UPDATE 1-First stop SE Asia: SoftBank, Toyota's autonomous car venture heads overseas

    The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. The move would mark a shift for Japan's third biggest telco as it looks abroad for growth and potentially bring it into competition with portfolio companies of parent SoftBank Group Corp and its $100 billion Vision Fund, which has invested in major ride-hailing firms around the world. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters.

  • SoftBank, Toyota autonomous car venture to launch in SE Asia next year
    Reuters14 days ago

    SoftBank, Toyota autonomous car venture to launch in SE Asia next year

    The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters. "Our first step will likely be to Southeast Asia, as applications like transportation services in smart cities, or airport shuttle systems," Miyakawa said, adding that Monet could begin introducing such services in 2020.

  • First stop Southeast Asia: SoftBank, Toyota's autonomous car venture heads overseas
    Reuters14 days ago

    First stop Southeast Asia: SoftBank, Toyota's autonomous car venture heads overseas

    The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. The move would mark a shift for Japan's third biggest telco as it looks abroad for growth and potentially bring it into competition with portfolio companies of parent SoftBank Group Corp and its $100 billion Vision Fund, which has invested in major ride-hailing firms around the world. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters.

  • Ericsson Taps a New Marketing Chief as the 5G Race Heats Up
    Market Realist19 days ago

    Ericsson Taps a New Marketing Chief as the 5G Race Heats Up

    Ericsson Digest: Customer Agreement, 5G Test, and 5G Contracts(Continued from Prior Part)Ericsson wins 5G contracts from SoftBank and SprintAmid the tightening race for 5G contracts, Ericsson (ERIC) is betting on a new marketing chief to bolster its

  • How Son Made 62% Return on SoftBank's $64 Billion in Tech Deals
    Bloomberg19 days ago

    How Son Made 62% Return on SoftBank's $64 Billion in Tech Deals

    The Japanese billionaire of course established the $100 billion Vision Fund to make big bets on tech startups like Uber Technologies Inc. and WeWork Cos. Less well known is that Son leveraged his stake in the fund to boost returns if things go well -- with outsized losses if things go poorly. The little-understood Vision Fund is one reason Son’s SoftBank Group Corp. trades at a steep discount to the value of its assets, according to an in-depth research report from Sanford C. Bernstein & Co. analyst Chris Lane.

  • Benzinga21 days ago

    As Nokia Signs 5G Agreements, A Look At The Companies Adopting The Next-Gen Technology

    Nokia Corporation (NYSE: NOK ) said Monday it now has more than 40 commercial agreements with the companies building 5G networks as it seeks to be a top player in the behind-the-scenes work to create the ...

  • SoftBank Gets $11 Billion From Selling Just Part of Its Huge Alibaba Stake
    Bloomberg21 days ago

    SoftBank Gets $11 Billion From Selling Just Part of Its Huge Alibaba Stake

    Masayoshi Son’s investment giant said Tuesday it had fulfilled a deal unveiled in 2016, delivering 73 million American Depositary Shares in the online mall operator as agreed to under a forward sale contract. SoftBank, Alibaba’s biggest shareholder, was selling shares in the Chinese company for the first time in 16 years as it looked to strengthen its balance sheet and step up investments in startups. Son opted for the extremely complex transaction -- rather than, say, just selling Alibaba shares -- so that he could retain some upside if the stock rose while realizing gains.

  • Reuters22 days ago

    Nikkei tumbles on global slowdown worries; SoftBank Group, exporters weigh

    Japanese stocks hit the skids on Monday as investors fretted about the rising risks to global and domestic growth from a potentially protracted and widening tariff war between the United States and its major trading partners. Index-heavy SoftBank Group Corp tumbled 6.2% after the Wall Street Journal reported that the company's bid to raise a second mega fund has met with a chilly reception from some of the world's biggest money managers. A senior Chinese official said on Sunday that the United States cannot use pressure to force a trade deal on China, refusing to be drawn on whether the leaders of the two countries would meet at the G20 summit to bash out an agreement.

  • Key Vision Fund investors are reportedly lukewarm on a second fund
    TechCrunch22 days ago

    Key Vision Fund investors are reportedly lukewarm on a second fund

    SoftBank shook up the venture capital world with its unprecedented $100billion Vision Fund, and the speculation continues around its follow-up

  • Masa Finds Not Everyone Shares His Vision
    Bloomberg22 days ago

    Masa Finds Not Everyone Shares His Vision

    Some money managers, from sovereign wealth funds to pension funds, plan to make limited or no contributions to the SoftBank Vision Fund II, the Wall Street Journal reported, citing people familiar with the matter. Investors see better choices out there, with many of the biggest funds already having established programs to invest directly in late-stage startups, according to the Journal.

  • SoftBank's Vision Fund to borrow $4 billion against stakes in Uber and two others - FT
    Reuters26 days ago

    SoftBank's Vision Fund to borrow $4 billion against stakes in Uber and two others - FT

    (Reuters) - SoftBank's Vision Fund is looking to borrow $4 billion against its stakes in Uber Technologies Inc, soon-to-go-public Slack Technologies Inc, and blood-testing company Guardant Health Inc, ...

  • SoftBank's Vision Fund to borrow $4 billion against stakes in Uber and two others: FT
    Reuters26 days ago

    SoftBank's Vision Fund to borrow $4 billion against stakes in Uber and two others: FT

    SoftBank's Vision Fund is looking to borrow $4 billion against its stakes in Uber Technologies Inc, soon-to-go-public Slack Technologies Inc, and blood-testing company Guardant Health Inc, the Financial ...