- SoftBank plans to raise up to $525 million with the initial public offering (IPO) of its own Spac
- The firm says it is planning to use the funds for an investment in a technology company
- The Spac overseen by SoftBank Investment Advisers, which also runs the Vision Fund
- Spacs have seen a surge of interest in 2020 and involvement from high-profile investors, including hedge fund manager Bill Ackman
- Softbank one of the biggest investors in private technology and tech-adjacent companies, with mixed success
- The deals raised more than $60 billion this year, according to Renaissance Capital
