The rise of the internet and of Yahoo pushed SoftBank's stock to a peak closing price of 10,111.1 yen on Feb. 18, 2000.
After lingering near then-record highs in March 2021, SoftBank's stock fell sharply, alongside other global tech stocks.
"Softbank Vision Fund had to write down various investments due to a combination of equity values declining and a tougher private financing environment.
Dan Baker, senior equity analyst at Morningstar, said a lot of SoftBank's price appreciation comes down to Arm.
Baker said the SOTP valuation remains just under 50% this year, meaning SoftBank's stock does not truly reflect the value of its various businesses and investments.
Persons:
Kosuke Okahara, Masayoshi Son, Softbank, SoftBank, Son, Oliver Matthew, Paul Golding, Golding, Dan Baker, I'm, Baker, " Baker, .
Organizations:
ARM, SoftBank, Bloomberg, Getty, Yahoo, Vision, Vision Fund, Beijing, CNBC, Macquarie U.S, Morningstar, Nikkei
Locations:
Tokyo, British, Japan, U.S, Alibaba