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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank : Walmart's Flipkart in talks to raise $3 billion from SoftBank, others - Bloomberg News

06/07/2021 | 06:57am EDT
FILE PHOTO: Special Report AMAZON-INDIA/OPERATION

(Reuters) - Walmart Inc-owned Indian e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan's SoftBank Group Corp and several sovereign wealth funds, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter&utm_medium=social&utm_content=business&sref=ZoyErlU1 on Monday.

The startup is aiming for a valuation of about $40 billion and is in talks with Singapore's GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, the report said, citing people familiar with the matter.

SoftBank could invest $300 million to $500 million of the total through its Vision Fund II, according to the report.

Flipkart, SoftBank and the Abu Dhabi Investment Authority did not immediately respond to Reuters requests for comment.

SoftBank sold https://www.reuters.com/article/us-flipkart-m-a-walmart-softbank-group-idUSKCN1IO09B its roughly 20% stake in the e-commerce firm to Walmart in 2018.

The Indian company is in the early stages of exploring going public in the United States through a deal with a blank-check firm, sources familiar with the matter told Reuters in March.

Reuters exclusively reported in September that Bengaluru-based Flipkart was preparing to go public overseas as early as 2021, which could value the firm at as much as $50 billion.

(Reporting by Shivani Singh in Bengaluru; Editing by Aditya Soni)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK GROUP CORP. 1.83% 6962 End-of-day quote.-13.60%
WALMART INC. -0.23% 142.22 Delayed Quote.-1.34%
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Financials
Sales 2022 5 951 B 54 494 M 54 494 M
Net income 2022 1 054 B 9 653 M 9 653 M
Net Debt 2022 13 879 B 127 B 127 B
P/E ratio 2022 12,3x
Yield 2022 0,65%
Capitalization 11 926 B 109 B 109 B
EV / Sales 2022 4,34x
EV / Sales 2023 4,18x
Nbr of Employees 58 786
Free-Float 49,4%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 962,00 JPY
Average target price 11 266,93 JPY
Spread / Average Target 61,8%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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