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Softbank Considers Going Public With IPO Worth $18 Billion

Posted On: Jan 16, 2018   |   Posted By: Android Headlines

Multi-national tech giant and majority owner of Sprint Corp., Softbank Group Corp is reportedly considering taking its Japanese wireless business - Softbank Corp - public. While the company has not yet confirmed that it will do so for certain, sources say the company hopes to sell off around 30-percent of itself for around $18 billion - effectively representing the largest initial public offering in around 20 years for the region. The company would use the funding gained through the sale to re-invest in itself via further buy-ins with technology companies around the world. The move wouldn't necessarily be a break in Softbank's usual operating procedures, as it already invests itself heavily into various international tech companies. However, according to reports, it would afford the group with the funds to place itself as one of the top technologies investors in the world.
In fact, according to one professor at Michigan's Ross School of Business, Erik Gordon, the move is effectively a way to gain disposable...

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