On Tuesday, shares of SoftBank Group Corp soared above 10,000 yen apiece hitting its two-decade highs. The development comes a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate.

As of 0055 GMT, shares of SoftBank’s shares were up by 5.3% at Y9, having earlier breached Y10,000 threshold marking its biggest intraday jump in two months. SoftBank reported a bounce back in the value of its portfolio after startups such as Opendoor went public.

With funding rounds touching record levels, SoftBank’s major assets from its Vision Fund portfolio are expected to go public, include ride-hailing firms Grab and Didi.

SoftBank is “effectively [the] owner of the most lucrative portfolio amidst an ongoing retail IPO frenzy,” said Jefferies analyst Atul Goyal in a note in reference to initial public offerings.

“The explosion in market liquidity over the last 9-10 months has played a huge role and we believe SoftBank success correlates closely with how U.S. tech trades going forward,” wrote Redex Research analyst Kirk Boodry in a note.

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