SoftBank Looks To IPO For $21 Billion
- 6 years ago
CNN reports that SoftBank is getting ready for a blockbuster IPO.
On Monday, the Japanese company it plans to sell $21 billion worth of stock in its mobile telecoms unit.
That would make it the world's biggest IPO since Alibaba (BABA) went public in New York in 2014.
The IPO is a key part of CEO Masa Son's efforts to reposition SoftBank (SFTBY) as a global tech investor.
SoftBank has also poured money into high-profile tech companies like Uber and its Chinese rival Didi Chuxing.
Selling shares in the mobile division will raise billions of dollars for Son to hunt down more major deals.
On Monday, the Japanese company it plans to sell $21 billion worth of stock in its mobile telecoms unit.
That would make it the world's biggest IPO since Alibaba (BABA) went public in New York in 2014.
The IPO is a key part of CEO Masa Son's efforts to reposition SoftBank (SFTBY) as a global tech investor.
SoftBank has also poured money into high-profile tech companies like Uber and its Chinese rival Didi Chuxing.
Selling shares in the mobile division will raise billions of dollars for Son to hunt down more major deals.