SoftBank Investment Advisers

Walmart-backed robotics firm Symbotic is set to go public following a special purpose acquisition from Softbank Investment Advisers. The merger is expected to be completed within the first half of 2022 and trade on Nasdaq.

Symbotic LLC, a warehouse robotics firm, announced a merger with SPAC SVF Investment Corp. 3, valuing Symbotic at approximately $5.5 billion. The deal is expected to raise $725 million in gross proceeds, including $200 million from SoftBank Vision Fund 2.