ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more