Deals
SoftBank Nearing Icertis Stake Deal at $5 Billion Valuation
- Fidelity-backed firm selling stake to SoftBank for $80 million
- Technology unicorn seeking U.S. listing as soon as next year
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SoftBank Group Corp. is nearing a deal to buy a stake in technology unicorn Icertis Inc., valuing the enterprise software maker at about $5 billion, according to people familiar with the matter.
The Japanese investor will pay about $80 million for the stake owned by Fidelity-backed Eight Roads Ventures, the people said, asking not to be identified as the information isn’t public. SoftBank is also looking to further raise its holdings in Icertis, the people said.