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Softbank raises JPY 2.6 trillion in IPO of Japanese telecom business

2018-12-10 16:26:00| Telecompaper Headlines

(Telecompaper) Softbank Group has confirmed the sale of 1.7 billion shares in the initial public offering for its Japanese telecom business. At a price of JPY 1,500 per share, the IPO raised JPY 2.646 trillion (USD 23.4 billion) in gross proceeds for the company. 

Tags: business japanese telecom ipo


Softbank IPO: A guide to the Japanese tech giant

2018-11-13 10:26:02| BBC News | Business | UK Edition

The firm is planning a $21bn IPO of its mobile unit that could fund a fresh wave of tech investments.

Tags: guide tech japanese giant


Softbank approved to launch telecoms IPO worth JPY 2.4 trillion

2018-11-12 12:11:00| Telecompaper Headlines

(Telecompaper) Softbank announced that the planned stock market listing of its Japanese telecom business has been approved by the Tokyo Stock Exchange. The company is selling a 37 percent stake in the business to the public in order to focus more on its core investment portfolio and give the telecom business in its own platform for financing and investment. 

Tags: worth approved launch ipo


SoftBank gets the green light for $21bn IPO in Tokyo

2018-11-12 01:00:00| Total Telecom industry news

Japan's SoftBank Group is to proceed with a $21 billion (2.4 trillion yen) initial public offering (IPO) of its telecoms arm, according to a report by Reuters…read more on TotalTele.com »

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Softbank profits surge on investments, telco business shows steady growth

2018-11-05 12:58:00| Telecompaper Headlines

(Telecompaper) Softbank reported another surge in net profit for its fiscal first half to September, with the result jumping 719 percent to JPY 840.1 billion from JPY 102.6 billion a year ago. The growth was driven by gains on its investment portfolio, while revenues rose a more modest 6 percent year-on-year to JPY 4.65 trillion. Operating profit was up 62 percent to JPY 1.42 trillion, supported by improvement at Sprint. 

Tags: business shows growth investments


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