TASK 4 SALES PITCH CITI BANK

Equities is chosen for you as it promises a growth opportunity over a long-term period that is
sustainable. Soft bank is one of the leading startup investment funds in the world and it
makes it a desirable investment opportunity. News has surfaced that the Softbank would be
setting up a SPAC aka a blank cheque company and will be announcing plans in the coming
weeks. The SPAC would be handled by Softbank’s Vision Fund 2 Investment Advisors, and
the firm is in talks with Citigroup and Goldman Saches to take it public. The new SPAC
would be funded partially by Softbank and third-party investors. The client should be
interested in the idea to buy up shares within Softbank and its new upcoming SPAC.

SPAC recently is becoming a favorite amongst high profile investors, as the industry has a
very huge growth potential, Market data, has shown that, in 2020 alone the industry has
capped around 53 billion among 138 SPAC IPO’s while in 2019, the industry capped at 13.6
billion, amongst 59 deals, and in terms of growth and size of SPAC IPO’s the average in
2020 has been around 388 million. SPAC being an alternative investment for high profile
investors, it surely promises a big breakthrough that Softbank has planned in the coming
weeks and would be a candy investment with many keeping an eye on.

Our recommendation is that, to load on SOFTBANK shares, at a price of JPY 7045, and also
to keep an eye for the IPO of its new SPAC, and try to buy shares, at IPO release, or also at
Pre IPO if the opportunity arises Citi would notify of this to you first, the reason as to why
the investment is compelling, is due to its limited investment circle, as not many investors
have knowledge of these type of alternative investment, and it is a portion of investment that
provide a security at the end also.

Also to buy Shares of Softbank’s property technology firm OPENDOOR, would be going
public with a SPAC company, and to load on its shares at IPO release or Pre IPO release.

The risks involved in these investments could backfire at times, where the investment could
turn sour, in the worst-case scenarios, the SPAC could fail, based on its acquisitions.

Initial Earnings Report could have a drastic, impact on its share price of the SPAC in the
start.

SPAC investments are a secured investment from the start, as the underlying principle is that
the funds gathered by SPAC is kept in an account which is interest bearing, and the parent
company is given 2 years to complete an acquisition, however, if no acquisition is done, the
funds are returned to investors, with interest. The new Softbank SPAC would focus on later
stage growth companies, that are willing to go public in the next 9-12 months, and with
Softbanks investment track record, we could trust on the firm planning something that is out
of the ordinary, and with the lessons learnt from its WeWork investments, we could conclude
that Softbank would not make the same mistake again, and the investment would pay off as a
sustainable investment both in the short and long run.