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Is Softbank in price bubble?

Is Softbank in price bubble?

After raising of SoftBank Group Corp’s shares by 3% on Tuesday, Softbank reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group's persistent discount. 

Shares were priced at 56,72 USD in morning Tokyo trading, hitting levels last seen in early 2000, during dot-com bubble crisis, when speculation on internet stocks saw prices surge before crashing and wiping out most of SoftBank Chief Executive Masayoshi Son's wealth.

As we can see in the graph, the price of Softbank raised, but still has big space to raise to dot-com bubble highs.

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SoftBank provided change on how it revalues its investments. The ongoing impact of the coronavirus outbreak, which has exposed underlying problems at portfolio companies, means the fund's outlook for the rest of the financial year is still not positive.