Softbank Group Q2 profit beats expectations on IPOs, yen strength
) clocked a stronger-than-expected quarterly profit on Tuesday, aided by the successful listing of some of its portfolio stocks and by resilience in the yen.
The firm, which is a major investor in the tech sector, benefited from a boom in valuations this year amid hype over artificial intelligence. The successful listing of its portfolio firms also benefited its top line.
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