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SoftBank shares reach highest level since 2000 on recovery hopes

Sentiment brightens on buybacks and IPO for insurance startup Lemonade

SoftBank Group CEO Masayoshi Son: Investors in the technology conglomerate have been cheered by Son's vow to buy back a huge slice of the company's stock. (Photo by Yuki Kohara)  

TOKYO -- Shares in SoftBank Group soared to a 20-year high on Tuesday, buoyed by the Japanese technology group's share buybacks and a strong initial public offering by Lemonade, one of its U.S. startup investments.

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