SoftBank Group Corp. has picked banks including Nomura Holdings Inc., Goldman Sachs Group Inc. and Deutsche Bank AG as lead underwriters for the initial public offering of its Japanese wireless business, said people with knowledge of the matter.
The joint global coordinators, which also include Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., will help the company sell about 3 trillion yen ($27 billion) of shares, said the people, who asked not to be identified because the details are private. The mobile operator currently plans to start marketing the sale next month and list the shares on the Tokyo Stock Exchange on Dec. 19, although the timing could change, the people said.
