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Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: LOGAN12 who wrote (55)	2/14/2000 2:05:00 AM
From: ProfitMaker	Respond to of 615

Hi Linda! Japanese Internet investor Softbank Corp said on Monday it plans to list shares in holding companies to be created by its joint venture with International Finance Corp, a World Bank unit. Softbank said the shares would be listed in 2001 on Nasdaq markets in the United States, Europe or Japan. Softbank and IFC said over the weekend they would set up a $500 million investment fund to help start up Internet companies in some 100 developing countries. The venture, to be set up next month, will be called Softbank Emerging Markets. ''We will select 10-20 target countries in the first phase. Then we will carry out IPOs (initial public offerings) to raise funds to go forward to the second stage,'' said Softbank President Masayoshi Son at a joint news conference with IFC. As an example, Son said the holding companies to be created and listed could include a firm called Yahoo Emerging Markets. Softbank has an equity stake in leading U.S. Internet firm Yahoo. (Found they'd beaten me to the translation at biz.yahoo.com