
In addition to the metaverse, Improbable attributed the robust financial earnings to a decrease in the cost of hosting large-scale virtual events.
SoftBank Group Corp. is a Japanese multinational conglomerate holding company.
SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Tokyo. The company owns stakes in Softbank Corp., Softbank Vision Fund, Arm Holdings, Fortress Investment Group, Boston Dynamics, Sprint, Alibaba, Yahoo Japan, Brightstar, Uber, Didi Chuxing, Ola, Renren, InMobi, Hike, Snapdeal, Fanatics, Improbable Worlds, Paytm, OYO, Ping An Insurance, Slack Technologies, WeWork, ZhongAn Online P&C Insurance, Compass, AUTO1 Group, Wag, Katerra, Cruise Automation, ParkJockey, Tokopedia (Indonesia), and many more companies. It also runs Vision Fund, the world’s largest technology-focused venture capital fund, with over $100 billion in capital.
The company is known for its leadership by founder Masayoshi Son. It now owns operations in broadband; fixed-line telecommunications; e-commerce; internet; technology services; finance; media and marketing; semiconductor design; and other businesses.
SoftBank was ranked in the Forbes Global 2000 list as the 36th largest public company in the world, and the 2nd largest publicly traded company in Japan after Toyota.
The logo of SoftBank is based on the flag of the Kaientai, a naval trading company that was founded in 1865, near the end of the Tokugawa shogunate, by Sakamoto Ryōma.
Although it doesn’t affiliate itself to any traditional keiretsu, Softbank has close ties with Mizuho Financial Group, its main lender.
In addition to the metaverse, Improbable attributed the robust financial earnings to a decrease in the cost of hosting large-scale virtual events.
During the Arm IPO, about 95.5 million ADSs will be issued by SoftBank Group’s subsidiary with underwriters having access to 7 million more shares to cover over-allotments.
Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry.