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HONG KONG – The Japanese bank Softbank announced on Monday its intention to issue new shares in its mobile communications unit, worth 2.4 trillion yen ($ 21 billion), making it the most large public offering in the world since his "Baba" to a public company in New York in 2014.
The IPO is a key part of Masa Sun's efforts to transform Softbank into a global technology investor, which will be divided into two parts, allowing investors to choose between mobile and technology investments, including important participation in the Chinese giant Alibaba. .
Sun itself has become a global technology maker after Softbank's $ 93 billion vision last year, to which Saudi Arabia had contributed $ 45 billion, investing heavily in dozens of start-ups such as WeWork and Slack. High-performance technology like Ober and his Chinese competitor, Didi Chuxing.
The sale of shares in the mobile phone unit will bring billions of dollars to Softbank to enable it to carry out other major transactions.
Softbank will also be able to sell other shares worth 240 billion yen, which equals $ 2.1 billion, if investor demand is strong, bringing the IPO to more than $ 23 billion. According to Dealogic data.
Softbank says its stock price at 1500 yen, $ 13.17, worth $ 63 billion, is a tentative price and the final price will be set at December 10. Owns at least 60% of them after the IPO.
Trading on the unity unit of the Japanese unit will begin at the Tokyo Stock Exchange on December 19th.
Earlier this year, Softbank announced its intention to launch the mobile unit for public underwriting, but did not specify what it was hoping to raise and new risks have emerged in the sector there. was less than two weeks ago, while a price war had erupted between mobile operators in Japan, A competitor, NTT DoCoMo, said it would reduce mobile phone prices up to 40 % and analysts expected Softbank to do the same.
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