SoftBank stock USD refers to shares of SoftBank Group Corp. traded in U.S. dollars on the NASDAQ exchange under ticker symbol 9984. The company is a Japanese multinational conglomerate holding major stakes in tech firms like Alibaba, Arm, and Uber.
While SoftBank primarily trades on the Tokyo Stock Exchange in yen (ticker 9984.T), its NASDAQ listing allows U.S. investors to buy shares denominated in USD. This creates two separate share classes with identical economic rights but different currencies and trading hours.
The NASDAQ listing emerged in 2018 to attract global investors. As of 2023, about 15% of SoftBank's total market capitalization trades in USD, compared to 85% in yen.
| Feature | SoftBank USD (NASDAQ) | SoftBank JPY (Tokyo) |
|---|---|---|
| Ticker | 9984 | 9984.T |
| Currency | USD | JPY |
| Exchange | NASDAQ | Tokyo Stock Exchange |
| Trading Hours | 9:30 AM - 4:00 PM ET | 9:00 AM - 3:00 PM JST |
U.S. investors prefer the NASDAQ listing for several reasons:
SoftBank's USD-listed shares often show different price movements than their yen counterparts due to time zone differences and varying liquidity. For example, during the COVID-19 market volatility in March 2020, SoftBank USD shares dropped 26% while the JPY shares fell 22% over the same period.
Investors frequently confuse SoftBank's USD and JPY listings, leading to several misunderstandings:
According to SoftBank's 2022 annual report, approximately 60% of institutional investors holding SoftBank shares prefer the USD listing for these reasons.
For investors seeking diversified tech exposure through a single stock, SoftBank's USD listing offers a unique alternative to direct investments in individual companies. The stock's volatility reflects its high-risk, high-reward investment profile, with returns heavily influenced by the performance of its Vision Fund portfolio companies.
When considering SoftBank stock USD, investors should monitor the company's quarterly earnings reports and portfolio company valuations, as these factors impact share price movements. The stock's performance often correlates with global tech sector trends, making it particularly sensitive to interest rate changes and market sentiment shifts.