Deals

SoftBank Plans IPO of Mobile Unit This Year, Nikkei Says

A customer, center, uses her smartphone as she exits a SoftBank Corp. store at night in Tokyo, Japan, on Sunday, Feb. 8, 2015. SoftBank, the Japanese wireless carrier led by billionaire Masayoshi Son, is scheduled to report third-quarter earnings on Feb. 10.
Photographer: Kiyoshi Ota/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Pavel Alpeyev

January 14, 2018 at 5:30 PM UTC

Updated on

January 14, 2018 at 11:48 PM UTC

This article is for subscribers only.

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 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, the Nikkei said.