SoftBank Nears End of $23 Billion Buyback, Imperiling Rally

Only about 10% of capital committed to re-purchases is left
Almost $11 billion of lost value last month despite buybacks

WATCH: SoftBank has used almost of the $23 billion dollars allocated for share buybacks, and that is raising fears of an end to the bull run. Pavel Alpeyev reports.(Source: Bloomberg)

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By Pavel Alpeyev

April 27, 2021 at 10:00 PM UTC

Updated on

April 28, 2021 at 7:21 AM UTC

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Masayoshi Son has run almost all the way through $23 billion allocated to buy back SoftBank Group Corp. shares, raising concerns that his stock’s bull run will end without rapid intervention.

The Tokyo-based company purchased more than $20 billion worth of its own shares over the past year through March, according to SoftBank filings, an unprecedented effort that more than doubled the value of the stock. Now, with only about 10% of the committed capital left, the program may run out as soon as next month, Bloomberg’s calculations show.