The hottest upcoming IPOsAugust 19, 2020
Happy hump day!
Late Monday night a story broke about SoftBank investing $3.9 billion into some of the world's largest tech companies. As first reported by Bloomberg, SoftBank has put large stakes into Amazon ($1.04 billion), Alphabet ($475 million), Netflix ($189 million) and other household names.
It's certainly a pivot for SoftBank, led by Japanese billionaire Masayoshi Son. Traditionally, the Japanese conglomerate has, for better or worse, looked to invest in private startups.
So what does it mean that SoftBank has adopted the same trading strategy as your average Robinhood trader? It's not fully clear yet, but it's still interesting to see Son make such a big push into the public markets.
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The red-hot IPO market
Initial public offerings are back in full swing after a slight hiatus as volatility rocked the markets earlier this year.
Meghan Morris highlighted eight high-profile startups eyeing the public markets, along with great background details on the companies.
This year, obviously, has been anything but normal, so it will be interesting to see how many actually end up getting listed. So far, 2020 has been the year of the SPAC, so it'll be nice to see companies with actual revenues make their public debuts.
Click here to read the full story on the hottest up-and-coming IPOs.
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