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SoftBank Left Millions on the Table to Engineer a Win for Masayoshi Son

Yahoo Finance
Summary
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83% Informative

Masayoshi Son's SoftBank Group Corp.'s record on tech investing took a drubbing after flameouts like WeWork and DoorDash .

The shares gained 25% in their debut Thursday after the company raised $4.87 billion to make it the largest US IPO in almost two years .

But for all the back slapping and congratulations the listing produced, it also showed the downside of playing it safe.

During the meeting, a headline hit from the Wall Street Journal that the pricing would be $ 52 a share, surprised the bankers and executives, who ended up settling on $ 51 a share.

“It’s a combination of a wedding, a graduation, and Bar Mitzvah in terms of how people feel about the day,” Haas said in an interview.

VR Score

88

Informative language

87

Neutral language

65

Article tone

formal

Language

English

Language complexity

39

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not offensive

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not hateful

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not detected

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not detected

Time-value

short-lived

External references

10

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