SoftBank targets US$21b mobile IPO

Japanese conglomerate SoftBank plans to raise US$21 billion for its mobile telecommunications unit, making it the world’s biggest IPO since Alibaba in 2014.

Softbank will retain around two-thirds of the shares with the  IPO price to be determined on December 10.

According to various reports, the listing on the Tokyo Stock Exchange is expected to take place on December 19.

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