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SoftBank to File for SPAC to Raise Over $500 Million

By Juro Osawa
· · Source: Axios

SoftBank will file to raise between $500 million and $600 million through an initial public offering of a special-purpose acquisition company, Axios reported. It would be the Japanese tech investment firm’s first SPAC. Goldman Sachs and Citigroup are managing the process for Softbank’s SPAC, which plans to buy a company in which SoftBank doesn’t already have a stake, according to Axios. ...

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