ソフトバンクグループ(株)【9984】の掲示板 2019/09/18
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1139
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このままだとウィーワークも危ないし、株価対策が早急の課題となる。
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>>1136
WeWork should push ahead with its IPO even at a sharply lower valuation to increase the Vision Fund’s transparency: “If the IPO is called off, that could limit the adverse near-term impact on SoftBank's financials, but stalling of such a price-discovery mechanism does not bode well for investors.”
We work は ＩＰＯを実行すべき。 やらないとＶＦの信頼性がなくなる。
As long as tech values rise, SoftBank is the biggest beneficiary. But critics say that when it goes into reverse, the combination of SoftBank’s high valuations and the Vision Fund’s leveraged structure make it potentially the biggest loser.
The fund relies on an unconventional structure where 40 per cent of its capital is in preferred securities that pay an annual coupon of 7 per cent over the fund’s 12-year life cycle. SoftBank and its employees are exposed to the most risk since they are the only investors that contributed purely equity into the fund.
メラメド
old*****
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In the first quarter, SoftBank attributed a near $4bn valuation gain for the Vision Fund partly to its investment in Oyo, the fast-growing Indian hotel chain, which doubled in value from $5bn to $10bn.
The biggest investor at the higher valuation was Oyo’s own founder Ritesh Agarwal. His share purchase was financed by a consortium of Japanese financial groups including Nomura and Mizuho, which count SoftBank as one of their biggest clients, according to people familiar with the matter.
Nomura and Mizuho declined to comment on the deal.
“To have the founder of an investee company borrow from Japanese banks who are hoping to collect fees from SoftBank raises governance issues,” said Atul Goyal, an analyst at Jefferies.
ひどいな。 ＶＦの保有会社の評価が内内でめちゃくちゃやと酷評。