Deals
SoftBank Weighs the Largest Public Listing Ever
- Final valuation will depend on investors’ feedback and market
- Sale of third of mobile unit could become biggest-ever IPO
This article is for subscribers only.
SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its Japanese wireless business in a planned initial public offering, people familiar with the matter said. The shares rose the most in two months.
SoftBank is speaking to advisers about selling a third — or about $30 billion — of the business in the IPO, the people said, asking not to be identified as the talks aren’t public. Discussions are preliminary and the final valuation will depend on investors’ feedback, they said. SoftBank rose 6.5 percent in Tokyo, the biggest increase since June 9.