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SoftBank reaps Uber harvest but weak debut shaves off $1bn

The ability to transform investments into cash becomes a key question

Uber's share price dropped 8% in its first day of public trading, raising concern about the value of other SoftBank investments.   © Reuters

NEW YORK -- Uber Technologies' initial public offering has put the strategy of top shareholder SoftBank Group's $100 billion Vision Fund to the test for the first time as it tries to cash in on its investments.

SoftBank has done well with Uber overall, gaining roughly $5.6 billion in unrealized capital gains from the ride-sharing provider based on its opening price, but Frida'’s rocky first day of trading appears to have shaved about $1 billion from that figure.

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