SoftBank swings to profit with help from hot Indian IPO market

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A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale. It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains.

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SoftBank swings to profit with help from hot Indian IPO market

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