Wireless

SoftBank considers IPO for wireless business, reportedly seeking $18 billion

7 monthes ago   |   By VentureBeat

SoftBank Group said on Monday it was considering listing its Japanese wireless business - a move that could reportedly raise $18 billion and would accelerate the conglomerate's transformation into one of the world's biggest tech investors.
A spin-off - potentially the biggest IPO by a Japanese company in nearly two decades - would give the unit more autonomy and help investors value the business as well as its parent which has myriad holdings across the tech industry.
SoftBank Group is aiming to sell about 30 percent of SoftBank Corp, Japan's No. 3 wireless carrier, for around 2 trillion...
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Softbank Considers Going Public With IPO Worth $18 Billion

Softbank Considers Going Public With IPO Worth $18 Billion

7 monthes ago   |   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...
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