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SoftBank Group Corp. (9984.T)

Tokyo - Tokyo Delayed Price. Currency in JPY
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6,521.00-27.00 (-0.41%)
At close: 3:15PM JST
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Previous Close6,548.00
Bid6,520.00 x 0
Ask6,529.00 x 0
Day's Range6,443.00 - 6,600.00
52 Week Range2,609.50 - 7,077.00
Avg. Volume23,578,354
Market Cap12.693T
Beta (5Y Monthly)1.58
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield44.00 (0.67%)
Ex-Dividend DateMar. 30, 2020
1y Target EstN/A
  • SoftBank-Backed Beike Seeks Up to $2 Billion in U.S. IPO

    SoftBank-Backed Beike Seeks Up to $2 Billion in U.S. IPO

    (Bloomberg) -- KE Holdings Inc., a Chinese online property platform backed by Tencent Holdings Ltd. and SoftBank Group Corp., is looking to raise about $2 billion in a U.S. initial public offering.Also known as Beike Zhaofang, the company is offering 106 million American depositary shares at $17 to $19 each, according to a filing with the U.S. Securities and Exchange Commission on Friday. The company said the shares will represent three of its Class A ordinary shares.At $2.01 billion at the top of that range, Beike’s IPO would be the largest float by a Chinese company on U.S. exchanges since iQIYI Inc. raised $2.4 billion in March 2018, according to data compiled by Bloomberg.Despite worsening tensions between the world’s two largest economies and an accounting scandal at a high-profile U.S.-listed Chinese startup earlier this year, firms from the Asian nation have received a warm reception from U.S. investors. The U.S. is discussing whether to restrict Chinese firms’ access to American capital markets while the Senate passed a bill that could lead to them being delisted from U.S. exchanges.Beijing Homelink Real Estate Brokerage Co., also known as Lianjia, is one of China’s biggest real estate firms. It launched Beike, which means shells in Chinese, in 2018 as its online platform for property brokerage. Beike raised about $800 million from Tencent in a funding round last year while SoftBank invested $1.3 billion at a $10 billion valuation, a person familiar with the matter said earlier.The deal will be closely watched by investors to see if SoftBank is managing to recover from a string of IPO failures last year. The offering is expected to price on Aug. 12, according to Beike.Based on the outstanding Class A and Class B shares listed in its filing, Beike would be valued at the top of its IPO range at about $21 billion, well above the $14 billion it was last worth.Goldman Sachs Group Inc., Morgan Stanley, China Renaissance Holdings Ltd. and JPMorgan Chase & Co. are leading the offering. Beike plans for the shares to trade on the New York Stock Exchange under the symbol BEKE.(Updates with planned IPO date in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Aveva Is in Exclusive Talks to Buy SoftBank-Backed OSIsoft

    (Bloomberg) -- Aveva Group Plc is in advanced talks to acquire industrial software maker OSIsoft LLC for about $5 billion, according to people familiar with the matter.Aveva, which combined with Schneider Electric SE’s industrial software arm in 2018, has entered exclusive talks about a purchase of OSIsoft and could announce a deal within weeks, said the people, who asked not to be identified because the matter is private.Aveva, based in Cambridge, England, beat out several other industrial bidders, the people said. Emerson Electric Co. also considered an offer, people familiar with the matter said in June.Aveva confirmed the talks in a statement. “There can be no certainty that the discussions between Aveva and OSIsoft will lead to any agreement concerning the possible acquisition,” the company said.OSIsoft Founder and Chief Executive Officer J. Patrick Kennedy, along with minority owner SoftBank Group Corp., have been working with advisers on a potential sale of the company, Bloomberg News previously reported.SoftBank’s stake is held in its Vision Fund.Representatives for OSIsoft, SoftBank, Schneider and Kennedy declined to comment.The world’s biggest industrial companies have been acquiring technology firms for the past few years as they shift their focus from machinery to software and automation.Deals in the technology space have been resilient during the pandemic, with Analog Devices Inc. announcing a $20.9 billion transaction for rival chipmaker Maxim Integrated Products Inc. last month. Nvidia Corp. is in advanced talks to buy SoftBank-backed Arm Ltd., Bloomberg News reported last month.OSIsoft, based in San Leandro, California, sells software for use in sectors including oil and gas, utilities, manufacturing and pharmaceutical development, according to its website.SoftBank, which acquired a minority stake in the company in 2017, has been selling assets including a large chunk of its stake in T-Mobile US Inc. to finance stock buybacks and pay down debt. Its Vision Fund lost 1.9 trillion yen ($17.9 billion) last fiscal year after writing down the value of investments in firms including WeWork and Uber Technologies Inc.(Updates with Aveva statement in fourth paragraph, additional background in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • SoftBank seen returning to profitability as listed holdings rise

    SoftBank seen returning to profitability as listed holdings rise

    SoftBank Group Corp <9984.T> is seen returning to profitability in the first quarter on Tuesday as the value of its listed holdings rise, three months after faltering tech bets via its Vision Fund pushed the group to a record annual loss. The performance of the $100 billion Vision Fund's public assets is likely to return SoftBank to profit, said analyst Kirk Boodry at Redex Research. Positive news include insurance startup Lemonade Inc's <LMND.N> successful July listing.