SoftBank urges portfolio firms to focus on profitability first, IPOs later
- In July, Mint reported that Oyo Hotels and Homes, is preparing for an IPO in the next two-three years.
- The change in investment strategy of Son’s Vision Fund 2 is already being felt by portfolio companies in India
BENGALURU : Humbled by recent experiences with its two major bets—Uber and WeWork—SoftBank chief executive Masayoshi Son is urging global and Indian companies in his portfolio to sharpen their focus on earning profits before venturing into the path of initial public offerings (IPOs).
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