SoftBank’s mobile unit’s share price set for Dec. 19 IPO

By YURI KAGEYAMA

TOKYO (AP) — The price for the initial public offering of SoftBank Group Corp.’s Japanese mobile subsidiary was set Monday at 1,500 yen ($13) a share.

The Dec. 19 IPO on the Tokyo Stock Exchange will likely raise more than 2 trillion yen ($18 billion) and will be one of the world’s biggest share offerings, rivaling that of China’s Alibaba Group, which went public in 2014. Facebook raised $16 billion when it went public in 2012.

The IPO comes on the heels of an...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

YURI KAGEYAMA [+]    TOKYO [+]    SoftBank Group Corp [+]    Monday [+]    Dec [+]    IPO [+]    Tokyo Stock Exchange [+]    China [+]    Alibaba Group [+]   

More #news: