SoftBank's Vision Fund is scrapping an 'IPO readiness group' and telling its portfolio companies to handle the process themselves

SoftBank's Vision Fund is scrapping an 'IPO readiness group' and telling its portfolio companies to handle the process themselves

Business Insider

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· SoftBank has wound down an initial public offering readiness group, and portfolio companies will now take the lead on their own IPOs.
· The change comes after a year of IPO misses for SoftBank and its Vision Fund, which is laying off 15% of its 500-person global staff. 
· SoftBank-backed insurtech Lemonade filed documents...

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