SFTBY - SoftBank Microsoft investments pay off after stellar DoorDash C3.ai IPOs

Food delivery company DoorDash and AI software company C3.ai rocketed out of the IPO gates today with opening trades up 78% and 138% from the pricing, respectively.Earlier this year, SoftBank ([[SFTBF]],[[SFTBY]]) had to take write-offs on its investments in WeWork and Uber, which led to record annual operating losses. But the tech giant's Vision Fund turned its $680M DoorDash investment into $11.5B at today's open.Last week, C3 disclosed that longtime partner Microsoft (MSFT) would pick up $50M worth of shares in the offering. Microsoft ended up with about 1.19M shares and previously agreed to not dispose of the shares for at least a year.Previously: AI software company C3.ai stock opens 138% above its IPO price (Dec. 09 2020)Previously: DoorDash IPO debuts at $182 per share, up 78% from IPO price (Dec. 09 2020)

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SoftBank, Microsoft investments pay off after stellar DoorDash, C3.ai IPOs