SoftBank is targeting over $10 billion in public investing

SoftBank Group Corp. is targeting investments of more than $10 billion in public stocks as part of a new asset management arm, far exceeding the initial holdings that founder Masayoshi Son outlined to shareholders on Tuesday, people familiar with the initiative said.

The tally could reach into the tens of billions, said one of the people, all of whom asked not to be identified because the plans are private.