Stung by WeWork, SoftBank boss Son charts more cautious IPO course
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TOKYO (Reuters) - Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company's funding and increase its reliance on its lower-growth telecom business.Son said SoftBank Group's $100 billion (£77.8 billion) Vision Fund would now look to see companies list when they were closer to achieving profitability."I have started to think we should be more cautious on timings for IPOs of companies..