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.
