Masayoshi Son aims to regain the Midas touch that guided his early bets on Alibaba to colossal success.
SoftBank founder Masayoshi Son expects the US listing of Arm this week to raise US$4.5–US$5.2 billion.
However, the valuation of Arm, whose products are used in 99% of the world’s smartphones, is less than the US$60-70 billion SoftBank was rumoured to be hoping for. Son was born in Japan in 1957 to ethnic Korean parents who scratched a living rearing chickens and pigs while battling discrimination. On a high, Son launched in 2017 his tech-focused Vision Fund investment vehicle, securing billions in funding from others — including Saudi Arabia — won over by his investment magic.
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