Softbank Group

Private equity is still gunning for mom and pop investors

Softbank CEO and Chairman Masayoshi Son. Photo: Alessandro Di Ciommo/NurPhoto via Getty Images

SoftBank is considering an IPO for its $100 billion Vision Fund, which would require some regulatory jujitsu to avoid U.S. regulatory prohibitions on non-accredited investors buying into alternative investment funds.

My thought bubble: I'd guess that SoftBank's lawyers can work their way around the SEC, particularly given that the current rules seem to codify a distinction without a difference.

Public markets take center stage with all eyes on Uber IPO

The Wall Street bull being illuminated by a spotlight
Illustration: Lazaro Gamio/Axios

Uber. WeWork. SoftBank. Even Tesla. After a decade in which private markets have overwhelmingly funded the most innovative and dynamic companies in the world, public markets are having their day, and showing what they're capable of.

Driving the news: Uber will go public this week in the most feverishly anticipated IPO since Facebook. (Let's hope it goes better than that fiasco.) It's probably going to end up raising somewhere in the region of $9 billion. To put that in context: The company has raised about $20 billion to date and is currently sitting on about $6.4 billion in cash. So while the public markets are providing a lot of capital, they're still providing less than private investors have done over the years.