SoftBank Prepares for $21 Billion IPO 🚀
CNN reports that SoftBank is gearing up for a major IPO, aiming to raise $21 billion through a sale of its mobile division stock. Learn more about this significant move in the telecom industry.
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8 views • Nov 13, 2018
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CNN reports that SoftBank is getting ready for a blockbuster IPO.<br />On Monday, the Japanese company it plans to sell $21 billion worth of stock in its mobile telecoms unit.<br />That would make it the world's biggest IPO since Alibaba (BABA) went public in New York in 2014.<br />The IPO is a key part of CEO Masa Son's efforts to reposition SoftBank (SFTBY) as a global tech investor.<br />SoftBank has also poured money into high-profile tech companies like Uber and its Chinese rival Didi Chuxing.<br />Selling shares in the mobile division will raise billions of dollars for Son to hunt down more major deals. <br />
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Nov 13, 2018
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