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

The ability to transform investments into cash becomes a key question

20190512 USA-STOCKS/UBER

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

TAKENORI MIYAMOTO, Nikkei staff writer

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.

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