![]() The capital will allow ProLogium to expand its mass production of solid lithium batteries in Asia, Europe and the U.S. In the latest round of financing, ProLogium has raised US$326 million from investors that also include dGav Capital and SoftBank China Venture Capital. (“ProLogium”), the world’s leading solid-state battery (“SSB”) maker. SoftBank has until the end of September to formally proceed with the IPO to avoid Arm becoming become liable for US$8.5bn of debt taken under a guarantee arrangement.Beijing, Octo– Primavera Capital Group (“Primavera”) announced an investment in ProLogium Technology Co., Ltd. ![]() Yet the group has remained tightlipped about the IPO’s progress in recent months, and investors hoping for more news today were unfortunately out of luck. SoftBank’s equity mix over two years – Source: SoftBankĭespite still being a relatively small component at 18%, Arm’s pending IPO on Nasdaq is likely to bring in a significant cash injection for SoftBank. Softbank’s equity mix has dramatically changed in the past two years, with Arm doubling in size comparative to total holdings in the past 24 months. In the fiscal year, Arm reported sales of 381.7 billion yen (£2.3bn), reflecting a notable increase of over 27% compared to the previous year.Īrm’s pre-tax income saw substantial growth of 15% year on year, reaching 48.6 billion yen (£288mln). Thankfully for SoftBank, Masayoshi’s pivot to the world’s largest semiconductor designer, Britain’s Arm Holdings, appears to be a gamble due to pay off. With barely any Alibaba stock left to dispose of, there is little in the way of income to be sourced from SoftBank’s exit of its once premier asset. On the plus side, SoftBank’s ongoing disposal of its Alibaba holdings contributed to a considerable uptick in its holding company investment segment, which booked around 3.3 trillion yen (£20bn) income, thus helping to shore up losses attributed to SVF.Īlibaba, which comprised 43% of SoftBank’s total equity holdings in 2021, now comprises only 5%. Net losses for the year ending March 31 totalled 970 billion yen (£5.7bn), which in fairness was a 43% year-on-year improvement.įlagship investment vehicle SoftBank Vision Fund (SVF), the global tech-heavy baby of SoftBank founder Masayoshi Son, logged a crushing investment loss of 4.3 trillion yen (£25.4bn), roughly 40% worse year on year, thanks mainly to the severe downturn in tech stocks throughout 2022. Japanese investment titan SoftBank Group posted some fairly dire results in today’s 2022 full-year earnings call. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Proactive will on occasion use automation and software tools, including generative AI. ![]() The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. ![]() We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. ![]()
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