(Bloomberg) -- SoftBank will file to raise between $500 million and $600 million through a public offering of a special purpose acquisition company, Axios reported, citing multiple unidentified people familiar with the plans.
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It would be the first SPAC for SoftBank. The company is also preparing at least two additional vehicles, Axios said.
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Goldman Sachs Group Inc. and Citigroup Inc. are managing the process, the publication said, and the SPAC will be used to buy a company SoftBank hasn’t previously invested in.
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