Matthews Japan Fund Comments on SoftBank

Guru stock highlight

Author's Avatar
Aug 06, 2019

Telecom and venture capital firm SoftBank (TSE:9434) also contributed to performance. SoftBank's share price rose following the announcement of a massive 600 billion yen (US$5.5 billion) stock buyback. The recent IPO of transportation network company Uber in the U.S. and other unicorn companies going public also spurred interest in other pre-IPO companies that SoftBank and its Vision Fund currently hold.

From Matthews Japan Fund (Trades, Portfolio)'s second-quarter 2019 shareholder letter.