Japanese technology company SoftBank Group Corp will carry out an initial public offering of its Japanese mobile subsidiary, set for Dec 19, in what will likely be one of the world’s biggest IPOs. The Tokyo Stock Exchange approved the listing of 1.6 billion shares of SoftBank Corp Monday,
Japanese technology company SoftBank Group Corp will carry out an initial public offering of its Japanese mobile subsidiary, set for Dec 19, in what will likely be one of the world’s biggest IPOs.
The Tokyo Stock Exchange approved the listing of 1.6 billion shares of SoftBank Corp Monday, at 1,500 yen a share, raising potentially more than 2 trillion yen.
Founded in 1986, initially running software, broadband and fixed-line telecommunications businesses, the company has expanded to become one of Japan’s top mobile service providers. It was the first carrier to offer the Apple iPhone in Japan.
The parent is investing in a range of companies globally, including U. S. wireless company Sprint, British IoT company ARM, Chinese e-commerce giant Alibaba and U.
