>We've gone from a damaged company worth 48b in January to a 120b valuation in a few months.

I remember some here were ragging on Softbank for overpaying in their Uber investment just a few months ago. Amazing how a few months can change things.

> Presumably the Saudi and Japanese softbank investors are hoping to extract an ipo profit.

I don't think they bought in for a quick profit. These guys buy in for info and influence. But nearly a 200% appreciation ( if the valuation holds and if they IPO ) in a year has to be tempting.