SoftBank’s Masayoshi Son was effectively capable to silence his critics in 2020 following recovering from WeWork’s failed IPO fiasco with about $10 billion profit in December from investment in the meals delivery startup DoorDash’s public supplying and a different productive IPO of Chinese on line house platform KE Holdings in August. The criticism about Son’s technique to back founders with unbridled capital to grow to be industry leaders was thrown out of the window to a important extent. Now in 2021, Son is staring at the IPO windfall to continue with about six of the fund’s portfolio startups lined up for public supplying probably in the new year that may possibly reinforce Son’s stature as the ultimate startup backer.
PolicyBazaar
Insurance aggregator startup Policybazaar, which also counts Temasek, Sanjeev Bikhchandani’s Info Edge, Tencent, other individuals, is hunting for an IPO this year at a valuation upwards of $3.5 billion in September when the size of the supplying will be about $500 million, Bloomberg had reported. The business is also hunting to raise about $one hundred million ahead of the IPO with a valuation jump from about $1.5 billion from the preceding funding round. The business had reported operating revenues improved from Rs 158 crore in FY18 to Rs 310 crore in FY19 when losses had jumped from Rs 9.42 crore to Rs 213 crore.
Didi Chuxing
China’s ride-hailing business Didi Chuxing, which had earlier invested in India’s Ola, is organizing for a mega IPO in Hong Kong rather of New York initially amid the US-China tension and is targeting more than $60 billion valuation. The IPO is anticipated in the very first half of 2021, Reuters stated reporting the improvement. Didi is also hunting to raise a new round of funding ahead of the IPO to enhance its valuation even as the business had stated that it does not have any “definitive” IPO strategy. SoftBank had led the $500 million funding in Didi Chuxing in May final year even as it had earlier backed Uber and Ola.
ByteDance
Owner of well known brief video app TikTok, which was banned in India final year, ByteDance was in talks with several investors such as Sequoia to raise $2 billion at a valuation of whopping $180 billion ahead of it could start with the listing of some of its most significant assets Douyin, the Chinese version of TikTok, and news app Toutiao in Hong Kong. Bloomberg had reported the improvement in November. ByteDance was final valued at $140 billlion, according to CB Insights. TikTok was banned on June 29 along with 58 other Chinese apps in India by the Indian government more than issues that such apps have been engaged in activities against the “national security and defence of India”.
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Coupang
The South Korean e-commerce main Coupang might go for an IPO in the second quarter of 2021 at a valuation of more than $30 billion. SoftBank had invested $2.7 billion from its Vision Fund to get a 37 per cent stake in the business, most of it at a $9 billion post-income valuation, according to a Bloomberg report. South Korea’s e-commerce industry size is probably to attain $80.8 billion in 2021 and develop at an annual CAGR of 5.2 per cent among 2021-25 that is anticipated to have a industry volume of $99.2 billion by 2025, as per Statista. The market’s most significant segment is style with a probably industry volume of $23.5 billion in 2021.
Tokopedia
Much like South Korea’s e-commerce giant Coupang, Indonesia’s personal Tokopedia is also lining up for a 2021 IPO worth almost $1 billion as it plans a dual listing in its dwelling nation as properly as the US. The business might be valued at $10 billion or above with the IPO, Reuters reported in December. Tokopedia had raised more than $2 billion in total from major startup backers such as Alibaba and Temasek apart from SoftBank. Importantly, the business is in sophisticated talks with Indonesia’s cab booking and payments business GoJek ahead of the combined entity’s IPO, Bloomberg reported not too long ago. The combined company would be worth $18 billion in valuation.
Auto1
Berlin-primarily based on line employed car or truck platform Auto1 Group GmbH is organizing to raise $1.2 billion in new funding round that may possibly worth the SoftBank-backed business at more than $6 billion. SoftBank was valued at $3.4 billion at the time of investment from SoftBank Vision Fund in 2018. The improvement was reported by Bloomberg. According to Crunchbase, Auto1 had raised $1.4 billion in funding due to the fact founded in 2012 across nine rounds. Apart from SoftBank, other investors in the business incorporated The Baupost Group, Farallon Capital Management, G Squared, and more.