Saturday , October 1 2022

SoftBank will make an IPO at the mobile unit ::


SoftBank will make an IPO on the mobile unit

Photo: Reuters

The Tokyo Stock Exchange has today approved the listing of the SoftBank Group's mobile phone divisions on December 19, the DPA reported. This may be one of the largest IPOs in the world, quoted by the German BTA agency.

The mobile unit, called Softbank Corp, will sell 1.6 billion shares at a price of 1,500 yen ($ 13) per share, Softbank said in a report expected 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 our debts, Executive Director Massayoshi Son said in a news conference last week, referring to the $ 100 billion Saudi fund.

The son said Vision would continue to act despite the killing of Saudi County dissident Jamal Kashogi in early October.

The son condemned the murder and said he had visited Saudi Arabia and met Prince Prince Mohammed bin Salman and other government officials, calling them to "get to the bottom."

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