TOKYO (Reuters) – Japan’s SoftBank Group Corp is expected to report a small rise in its fourth-quarter profit, while investors look for details on whether the conglomerate plans to monetize its almost $100 billion Vision Fund through an IPO.
FILE PHOTO: A man looks at the logo of SoftBank Group Corp at the company’s headquarters in Tokyo, June 30, 2016. REUTERS/Toru Hanai/File Photo
SoftBank is considering taking the Saudi-backed investment fund public, a source said on Friday, adding that no formal process has been started.
Shares of the group rose as much as 4 percent on Monday as trading resumed after Japan’s extended “Golden Week” holidays.
Following the listing of the group’s domestic telco SoftBank Corp in December, the Vision Fund is the largest segment in