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Son battles skeptics as SoftBank eyes next Vision Fund

Tech investor will face IPO test to secure investor confidence

A number of SoftBank Vision Fund's investments, like Uber Technologies, Slack and Didi Chuxing, are believed to be considering an IPO.   © Nikkei montage

TOKYO -- SoftBank Group CEO Masayoshi Son is battling skeptics of the Japanese conglomerate's big bets on technology companies, as he prepares to tap investors for a new $100 billion fund.

The group's shares surged 18% to a four-month high of 9,962 yen on Thursday, the day after it surprised investors with a 600 billion yen ($5.5 billion) buyback and better-than-expected earnings.

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