SoftBank plans $18bn IPO of its mobile phone unit this year

The Nikkei newspaper has reported that Japanese tech giant Softbank plans to list its mobile phone business separately on the stock exchange and looks to raise around $18bn.

The parent company, Softbank Group, would be selling off some 30% of its business and is expected to do so between March and May of this year, floating shares on the Tokyo stock exchange and then perhaps the London stock exchange in the autumn.

See also:

Softbank, Tencent invest $2bn in Indian ride-hailing firm Ola

Softbank acquires ARM Holdings

Asia edition of Business Chief – January issue out now!

The IPO, worth around $18bn or just under 2trn yen, would be among the biggest Japanese IPOs in history, rivalling, according to Nikkei, the 1987 listing of Nippon Telegraph and Telephone Corp which was worth around 2.2trn yen.

The Softbank Group said in a statement today (Monday) that while a listing of the business was one option for its capital strategy, no final decision has been made in this regard. However, the Nikkei’s report appears fairly confident that an IPO will not only happen, but take place this year.

The listing would give the mobile phone segment of the company more autonomy and leave the parent compony to focus on investment opportunities.

According to Nikkei Softbank could use the proceeds to invest in its growth, in particular to purchase foreign IT companies. The group has already invested significantly abroad, mainly through its Vision Fund, which it announced it would add another funding round of up to $100bn to late last year, investing up to $10bn in Uber.

Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology