OneConnect, a tech-as-a-service platform for financial SMBs, launches US IPO of up to $504M in a down round, after raising $650M last year from SoftBank and SBI (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg:
OneConnect, a tech-as-a-service platform for financial SMBs, launches US IPO of up to $504M in a down round, after raising $650M last year from SoftBank and SBI  —  Masayoshi Son, head of Japanese conglomerate Softbank, is facing another valuation cut in one of his investments.