The San Francisco-based company is in talks with SVF Investment Corp 3 to make it public, according to the report, citing a US banking source. (https://bit.ly/3aCbYLw)

Investment banks such as Cantor Fitzgerald LP, Citigroup Inc, Deutsche Bank AG, JPMorgan Chase & Co and UBS AG could be involved in the transaction, Sky said.

SoftBank invested in Mapbox through its technology-focused Vision Fund, which led a $ 164 million fundraising round for the company in 2017.

Mapbox, whose website has shown to have raised a total of $ 226 million so far, was valued at $ 1.2 billion as of April 2020, according to data from PitchBook.

Founded in 2010, the company provides mapping services and a cloud location platform for developers. The company doesn’t have an app, but it has over 700 million monthly active users of its cards and is 100% carbon neutral, according to its website.

The company’s customers include Facebook Inc, Snap Inc, IBM Corp, Lonely Planet, CNN, and Instacart.

SoftBank did not immediately respond to a request for comment from Reuters, while Mapbox could not be reached.