Deals
SoftBank’s Son Is Poised for Another IPO Windfall in 2021
- The billionaire surprised markets by selling prized assets
- SoftBank-backed Didi, Coupang and Tokopedia plan market debuts
This article is for subscribers only.
SoftBank Group Corp. is preparing to take at least six more of its portfolio companies public this year, building on a 2020 turnaround that pushed the value of Masayoshi Son’s technology conglomerate to the highest since the dot-com boom.
Among the startups heading for initial public offerings are South Korean e-commerce pioneer Coupang Corp., Indonesian online mall operator PT Tokopedia and China’s ride-hailing giant Didi Chuxing, according to people familiar with the matter, asking not to be named because the matter is private. The IPOs could give Son another round of enormous gains after successful offerings from DoorDash Inc. and KE Holdings Inc. in 2020.