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August 13, 2022
Finance Technologies

SoftBank aims to raise $525m with Spac IPO

SoftBank plans to raise up to $525 million with the initial public offering (IPO) of its own special purpose vehicle company (Spac), according to a regulatory filing. Goldman Sachs Group and Citigroup are managing the deal. The firm says it is planning to use the funds for an investment in a technology company. The Spac will be overseen by SoftBank Investment Advisers, which also runs the Vision Fund. It will be used to buy a company SoftBank hasn’t previously invested in, according to Bloomberg. Goldman Sachs Group and Citigroup are managing the deal, Axios reports. The company’s securities filing notes:…
SoftBank aims to raise 5m with Spac IPO

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