SoftBank Sees India IPO Success Amid AI Reality Check and Market Volatility

SoftBank, despite recent setbacks with its own stock due to disappointing earnings and market concerns about AI, is experiencing success in the booming Indian IPO market. Three SoftBank-backed companies recently went public in Mumbai with significant share price increases, potentially providing funds for CEO Masayoshi Son`s AI and semiconductor investments. While SoftBank`s Vision Fund reported losses in the last quarter, these Indian IPOs offer a positive sign, particularly after previous disappointments in the Indian market. Although SoftBank has sold small portions of its holdings in these companies, it remains heavily invested and views these IPOs as a model for future global offerings. These successes come at a time when investor enthusiasm for AI and chips, which had driven up SoftBank`s stock, is waning.