Tag: finance | stocks

SoftBank aims to raise $23bn on Japan mobile unit IPO

TOKYO, Japan (AFP) — Telecoms giant and technology investor SoftBank Group aims to raise over $23 billion by listing its Japanese mobile unit next week in one of the biggest tech IPOs in years. In a statement, the group confirmed Monday it had formally decided to offer 1.76 billion shares, more than a one-third stake, in the SoftBank Corp mobile unit, with shares priced at 1,500 yen ($13) each. The offering includes 160 million shares […]