소프트뱅크 spac SVF INVESTMENT CORP

SoftBank files their S-1 for their SPAC, SVF Investment Corp $SVFA

$525M targeting Tech. Will be led by Rajeev Misra (CEO, SoftBank Investment Advisers), who oversees SoftBank's Vision Funds.

 

For the past 40 years, SoftBank has invested ahead of major technology shifts. Now, we believe the AI revolution has arrived.

We are on the verge of leaps in technology that could radically change the way we live, work, and play. COVID-19 has pulled this future forward by dramatically accelerating the adoption of digital services. We expect artificial intelligence to have an even greater impact than the PC, internet, and mobile stages of the information age.

To capitalize on this shift, SoftBank Group transformed from an operating company to an investment firm. Three years ago, we launched the first SoftBank Vision Fund to invest in businesses leading the AI revolution. Our ecosystem of global innovators now spans more than 100 growth-stage companies.

During this time, we intersected with many compelling companies that wanted our support at IPO and beyond, but we lacked the vehicle to partner with them. This trend has only increased over the past year as more companies have decided to list publicly.

Our SPAC will bridge SoftBank’s private and public investing strategies by enabling us to partner with a fast-growing, IPO-ready technology company. We believe that we have access to a wide range of compelling investment opportunities through our broad international presence and deep local networks.

With more than 150 investing and operating professionals across nine global offices, we are confident that our global reach, unparalleled ecosystem, and operational expertise can help entrepreneurs build industry-leading businesses through an IPO and into the future.

We believe our SPAC provides public investors with a distinct opportunity to benefit from the growth of a leading technology company that will generate long-term shareholder value. We are backing our belief by committing a significant amount of capital to it.

 

https://t.co/psCOZfrLBq

S-1