SoftBank will make an IPO on its mobile unit :: Investor.bg



SoftBank will make an IPO on its mobile unit

Photo: Reuters

On December 19, the Tokyo Stock Exchange approved the listing of shares in the Mobile Softphone Mobile Softbank division, DPA reports. This may be one of the world's largest IPOs, as quoted by the German agency BTA.

Softbank Corp. will sell 1.6 billion shares at a price of 1500 yen (13 dollars) per share, Softbank said in a report that expects to receive more than 2.4 trillion yen.

I would like to use the IPO funds for additional investments in the Vision fund and pay off debts, said Massayoshi Son, chief executive at a press conference last week, referring to the $ 100 billion Savudri Fund.

The son said that Vision will continue to act despite the killing of journalist Saad journalist Jamal Kashogy in early October.

The son condemned the murder and said that he visited Saudi Arabia and met with prince Chancellor Mohammed bin Salman and other government officials who called them to "retreat" to murder.


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