Sliding valuations in the listed portfolio of SoftBank<\/a> Group Corp's Vision Fund<\/a> unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool on the high-growth firms he favours. 软银已经依赖于其庞大的电子商务公司阿里巴巴集团(Alibaba Group Holding Ltd .)和液体的股份融资。集团现在已经使用股票筹集多达220亿美元,英国《金融时报》估计。 滑动的上市投资组合估值软银集团公司的视觉基金单位点为首席执行长孙正义更多痛苦当集团报告周一,因投资者获利较上年同期去酷高增长公司他恩惠。
Vision Fund's public portfolio first-quarter loss could top $10 billion, Redex<\/a> Research analyst Kirk Boodry estimated, after falls in robotics firm AutoStore Holdings Ltd, e-commerce firm Coupang Inc and artificial intelligence firm SenseTime Group Inc, whose shares fell by almost half on the last day of June.
While there is limited visibility on valuations of Vision Fund's private portfolio, writedowns contributed to the record $26 billion Vision Fund loss reported in May as investor concern over prospects for high-growth stocks feeds through to private markets.
The extent of the reevaluation was underscored when Swedish payment firm Klarna last month raised capital at a valuation 85% lower than at a SoftBank-led funding round the year before.
Writedowns in the private portfolio are unlikely to reflect the current weakness in valuations in the market, Jefferies analyst Atul Goyal said.
Chief Executive Son had been investing rapidly through the second Vision Fund<\/a>, in which he has a personal stake, but in May pledged to \"play defence\" and reign in spending amid market turmoil triggered by rising interest rates and political instability.
The 64-year-old billionaire previously racked up personal losses betting on derivatives and publicly traded stocks through the SB Northstar trading arm<\/a>, which has since been shuttered.
Compounding uncertainty at the tech conglomerate is the departure of a string of Son's lieutenants. A key architect of SoftBank's push into investing in late-stage startups, Rajeev Misra, has stepped back from managing Vision Fund 2 to launch his own fund.
The cost of insuring against a default in SoftBank's debt and its bond yields remains elevated, albeit off last month's highs, and analysts point to the conglomerate's constrained financing options given the portfolio weakness.
\"Within Vision Fund itself, in the public holdings they have they don't really have a lot of options,\" said Redex Research's Boodry.
SoftBank has been reliant on its large and liquid stake in e-commerce firm Alibaba<\/a> Group Holding Ltd for financing. The group has now raised as much as $22 billion using the shares, the Financial Times estimated.
The conglomerate is targeting an initial public offering for chip designer Arm in the United States following the collapse of a sale to Nvidia Corp<\/a> but analysts question the prospects for the listing.
SoftBank launched a 1 trillion yen ($7.5 billion) buyback last November, supporting shares which have fallen by about half from highs in March 2021, but had used more than 60% of the capital by late June.
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视觉基金滑点为软银的儿子更多的痛苦
视觉基金的公共投资组合一季度亏损可能超过100亿美元,Redex柯克Boodry研究分析师估计,在机器人公司AutoStore控股有限公司下跌之后,电子商务公司Coupang SenseTime集团公司和人工智能公司股价下降了近一半在6月的最后一天。
虽然是有限的能见度视野基金的私人投资组合估值,减记视力造成了创纪录的260亿美元基金损失报道5月投资者担忧的高增长股给私人市场的前景。
私人投资组合减记不太可能反映当前市场疲软的估值,Jefferies分析师Atul Goyal说。
首席执行官儿子被投资迅速通过第二视力基金他有个人的股份,但5月支出的承诺“防守”和统治在利率上升引发的市场动荡和政治不稳定。
这位64岁的亿万富翁之前积累的个人损失赌衍生品和通过公开交易的股票某人北极星贸易部门,它已经被关闭。
复合不确定性在科技集团是一串的离开儿子的副手。软银的关键架构师进军投资创业后期,Rajeev Misra,已经退出了愿景管理基金2推出自己的基金。
软银的违约的保险成本的债务和债券收益率仍高企,尽管上个月的高位,和分析师指出集团的约束融资选择投资组合的弱点。
“视觉基金内部,在公众持有他们他们没有很多的选择,“Redex研究的Boodry说。
软银已经依赖于其大型电子商务和液体的股份公司阿里巴巴集团控股有限公司融资。集团现在已经使用股票筹集多达220亿美元,英国《金融时报》估计。
集团的目标是芯片设计部门首次公开发行(ipo)在美国出售后英伟达公司但分析师问题清单的前景。
软银发起了一项1万亿日元(75亿美元)回购去年11月,支持股价从高位下降了大约一半在2021年3月,但使用了超过60%的资本,6月下旬。
Sliding valuations in the listed portfolio of SoftBank<\/a> Group Corp's Vision Fund<\/a> unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool on the high-growth firms he favours.
Vision Fund's public portfolio first-quarter loss could top $10 billion, Redex<\/a> Research analyst Kirk Boodry estimated, after falls in robotics firm AutoStore Holdings Ltd, e-commerce firm Coupang Inc and artificial intelligence firm SenseTime Group Inc, whose shares fell by almost half on the last day of June.
While there is limited visibility on valuations of Vision Fund's private portfolio, writedowns contributed to the record $26 billion Vision Fund loss reported in May as investor concern over prospects for high-growth stocks feeds through to private markets.
The extent of the reevaluation was underscored when Swedish payment firm Klarna last month raised capital at a valuation 85% lower than at a SoftBank-led funding round the year before.
Writedowns in the private portfolio are unlikely to reflect the current weakness in valuations in the market, Jefferies analyst Atul Goyal said.
Chief Executive Son had been investing rapidly through the second Vision Fund<\/a>, in which he has a personal stake, but in May pledged to \"play defence\" and reign in spending amid market turmoil triggered by rising interest rates and political instability.
The 64-year-old billionaire previously racked up personal losses betting on derivatives and publicly traded stocks through the SB Northstar trading arm<\/a>, which has since been shuttered.
Compounding uncertainty at the tech conglomerate is the departure of a string of Son's lieutenants. A key architect of SoftBank's push into investing in late-stage startups, Rajeev Misra, has stepped back from managing Vision Fund 2 to launch his own fund.
The cost of insuring against a default in SoftBank's debt and its bond yields remains elevated, albeit off last month's highs, and analysts point to the conglomerate's constrained financing options given the portfolio weakness.
\"Within Vision Fund itself, in the public holdings they have they don't really have a lot of options,\" said Redex Research's Boodry.
SoftBank has been reliant on its large and liquid stake in e-commerce firm Alibaba<\/a> Group Holding Ltd for financing. The group has now raised as much as $22 billion using the shares, the Financial Times estimated.
The conglomerate is targeting an initial public offering for chip designer Arm in the United States following the collapse of a sale to Nvidia Corp<\/a> but analysts question the prospects for the listing.
SoftBank launched a 1 trillion yen ($7.5 billion) buyback last November, supporting shares which have fallen by about half from highs in March 2021, but had used more than 60% of the capital by late June.
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