SoftBank Group Corp. (OTCPK:SFTBF;OTCPK:SFTBY) and its Vision Fund face the risk of paper gains turning to paper losses following the loss in valuation of recently listed portfolio companies and potentially upcoming decreases in valuation of yet private ones.
I already alluded to that risk some months ago, after Uber Technologies Inc.'s (UBER) rather disappointing post IPO performance. Uber shares continued trading downwards since resulting in SoftBank being in the loss zone on its investment in the company.
Now SoftBank is reportedly urging The We Company (formerly known as