Vision Fund slide points to more pain for SoftBank's Son

TOKYO, Aug 7 (Reuters): Sliding valuations in the listed portfolio of SoftBank Group Corp's Vision Fund unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool on the high-growth firms he favours.
Vision Fund's public portfolio first-quarter loss could top $10 billion, Redex Research analyst Kirk Boodry estimated, after falls in robotics firm AutoStore Holdings Ltd, e-commerce firm Coupang Inc and artificial intelligence firm SenseTime Group Inc, whose shares fell by almost half on the last day of June.
While there is limited visibility on valuations of Vision Fund's private portfolio, writedowns contributed to the record $26 billion Vision Fund loss reported in May as investor concern over prospects for high-growth stocks feeds through to private markets.
The extent of the reevaluation was underscored when Swedish payment firm Klarna last month raised capital at a valuation 85 per cent lower than at a SoftBank-led funding round the year before.