<p>SoftBank's Vision Fund is preparing to raise between $500 million and $600 million via an initial public offering of its first special purpose acquisition company (SPAC), U.S. news portal Axios reported on Sunday, citing multiple sources.</p>.<p>SoftBank is said to be preparing for at least two additional SPACs, the Axios added.</p>.<p>A SoftBank spokesman declined to comment.</p>.<p>Reuters reported in October that the Vision Fund was targeting external funding for a blank-cheque company.</p>.<p>Such a move would see Masayoshi Son's SoftBank joining the rush for SPACs, shell vehicles that raise money in an initial public offering (IPO) before merging with a privately held company.</p>.<p>The vehicles are being using to take a record number of companies public, bypassing the traditional IPO route.</p>
<p>SoftBank's Vision Fund is preparing to raise between $500 million and $600 million via an initial public offering of its first special purpose acquisition company (SPAC), U.S. news portal Axios reported on Sunday, citing multiple sources.</p>.<p>SoftBank is said to be preparing for at least two additional SPACs, the Axios added.</p>.<p>A SoftBank spokesman declined to comment.</p>.<p>Reuters reported in October that the Vision Fund was targeting external funding for a blank-cheque company.</p>.<p>Such a move would see Masayoshi Son's SoftBank joining the rush for SPACs, shell vehicles that raise money in an initial public offering (IPO) before merging with a privately held company.</p>.<p>The vehicles are being using to take a record number of companies public, bypassing the traditional IPO route.</p>