SoftBank Investment Advisers may file as early as Monday to raise between $500 million and $600 million through an initial public offering of its first special purpose acquisition vehicle, reports Axios.
SoftBank Investment Advisers manages the two Vision Funds and may continue leaning into SPACs, with two more reportedly in the works.
The conglomerate first revealed its SPAC plans in October when SoftBank Investment Advisers chief executive officer Rajeev Misra said he was planning a SPAC while speaking at the Milken Institute Global Conference. An SPAC would give the Vision Fund another way of investing in private companies, and also allow the …
