SoftBank is planning to apply to the Tokyo Stock Exchange as soon as this spring for a listing on the bourse’s first section with a listing abroad, perhaps in London, about the same time, said the report. Photo: ReutersTokyo: Masayoshi Son is planning to list the mobile phone unit of his SoftBank Group Corp. in Tokyo and overseas this year, according to the Nikkei newspaper. The offering could bring in about 2 trillion yen ($18 billion), the newspaper said without saying where it got the information. SoftBank has been examining ways to unlock the value of its holdings and boost its share price. The Tokyo-based company holds assets such as the mobile unit and its stake in Alibaba Group Holding Ltd that have been valued at more than 19 trillion yen, excluding debt, while its market value is 9.8 trillion yen.

Source: Mint January 15, 2018 03:22 UTC