SoftBank IPO Set for Mid-December

Japanese bank SoftBank is currently gearing up for a monumental IPO for its mobile telecommunications unit. For its initial offering, the bank is planning to sell 2.4 trillion yen worth of stock, approximately 21 billion USD. If the stock goes for this price, it’ll make for the largest IPO in the world’s collective business history, outshining the IPO of New York’s Alibaba back in 2014.

SoftBank’s CEO Masa Son has been attempting to reconfigure the company as a global tech investor, which is why he has been pushing for this IPO. The IPO would effectively split the company into tech investment and the mobile unit. If the initial offering goes well, SoftBank has another 240 billion yen (appoximately 2.1 billion USD) worth of shares tucked away as an option, which would bring the total amount above 23 billion USD. The current share price of 1,500 yen per is tentative and could change by the decision date of December 10th.

Whatever the final price tag ends up being, the company’s shares will go up for sale at the New York Stock Exchange on December 19th, 2018.

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