SoftBank's Son Stands to Double $7.7 Billion Stake in Uber IPO
- Son bought stake in ride-hailing giant just over a year ago
- Uber IPO filing shows SoftBank Vision Fund owns 16.3% of stock
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Masayoshi Son will soon have some evidence to back his faith in ride-hailing: His stake in Uber Technologies Inc. may be worth at least double the $7.7 billion he paid for it little more than a year ago.
SoftBank Group Corp.’s Vision Fund owns 16.3 percent of the world’s biggest ride-hailing company, according to Uber’s filing with the U.S. Securities and Exchanges Commission on Thursday. Uber is reported to seek a valuation of between $90 billion and $120 billion for the initial public offering planned in May, putting SoftBank’s share between $15 billion and $20 billion.