Fund is set to earn a profit thanks to a recovery driven by artificial intelligence that is increasing startup valuations.
After suffering losses of 6.9 trillion ($48 billion) over the course of the previous two fiscal years at the Vision Fund investment subsidiary, the Japanese conglomerate is battling to restore its footing. According to the average of expert expectations, analysts anticipate a minor profit at the fund for the three months ending in June, while SoftBank as a whole is anticipated to disclose a profit of around 73 billion on Tuesday. Whether SoftBank founder Masayoshi Son will now be able to go on the offensive and hunt for new deals hinges on the initial public offering of Arm Ltd. His chip designer is seeking to raise as much as $10 billion in a market debut as soon as September, at a valuation of between $60 billion and $70 billion. At the high end of its fundraising target, Arm would be the largest tech debut on record after Alibaba Group Holding Ltd. and Meta Platforms Inc.
Bu hikaye The Business Guardian dergisinin August 08, 2023 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin August 08, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
PM MODI DEDICATES THREE PARAM RUDRA SUPERCOMPUTERS TO NATION
\"The three supercomputers launched today will help in advanced research from physics, earth science, and cosmology.\"
India's pvt investment cycle is strengthening: Govt's report
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India recorded 227 IPOs, total value of $12.2 billion in first 8 months of 2024: Report
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Indian stock indices log record highs for fifth consecutive session; Sensex nearing 86,000
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India set to achieve 6.5-7 pc GDP growth in FY25: FinMin report
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Harris is making a 'capitalist' pitch to boost the economy
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Trump's misleading claims on election fraud target overseas voters
Donald Trump this week claimed without evidence that anyone living overseas can get a ballot mailed to them, even : if they are not eligible to vote, falsely accusing Democrats of subverting a 1986 law to win in November.
Will expel migrants under key Biden immigration programmes: Trump
Former President Donald Trump, who has made antiimmigration rhetoric a key part of his reelection campaign, warned Wednesday that he would kick out hundreds of thousands of ime migrants who have entered the country under two key Biden administration programs if he's reelected.
Saj Hotels limited IPO opens on 27th september, 2024
Our company is engaged in Hospitality industry.
