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SoftBank: Aims to raise $525m with Spac IPO

January 1, 2021

SoftBank plans to raise up to $525 million with the initial public offering (IPO) of its own Spac
The firm says it is planning to use the funds for an investment in a technology company
The Spac overseen by SoftBank Investment Advisers, which also runs the Vision Fund
Spacs have seen a surge of interest in 2020 and involvement from high-profile investors, including hedge fund manager Bill Ackman
Softbank one of the biggest investors in private technology and tech-adjacent companies, with mixed success
The deals raised more than $60 billion this year, according to Renaissance Capital