Home / SoftBank’s mobile unit launches $21 billion IPO: filing

SoftBank’s mobile unit launches $21 billion IPO: filing

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange in an initial public offering (IPO) worth 2.4 trillion yen ($21.04 billion), a regulatory filing showed, one of the biggest IPOs ever.

The unit, SoftBank Corp, will list on the Tokyo Stock Exchange on Dec. 19, the filing with the Ministry of Finance showed on Monday.

Reporting by Sam Nussey and Taiga Uranaka; Editing by Christopher Cushing

Our Standards:The Thomson Reuters Trust Principles.

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