Skip to main content

SoftBank sets indicative share price of 1,500 yen for next month’s IPO

In a regulatory filing today, SoftBank Group said it has set an indicative price of 1,500 yen ($13.22) per share for the initial public offering of its domestic telecoms unit next month. This means the offering is potentially worth 2.4 trillion yen (about $21.16 billion), making it one of the largest IPOs ever. The price is the same as the tentative one SoftBank disclosed in a previous filing earlier this month.

The IPO is set for Dec. 19 on the Tokyo Stock Exchange and its final price will be determined on Dec. 10. The record for the largest IPO is currently held by Alibaba Group, which raised a total of $25 billion in 2014. If there is enough demand for SoftBank Group’s shares, a overallotment can potentially increase its offering’s total by 240.6 billion yen (or about $2.12 billion), bringing it closer to the amount Alibaba raised.

One interesting aspect of this initial public offering is SoftBank Group’s efforts to reach retail investors. For example, brokerages have run television ads for the offering in Japan.

SoftBank’s brand recognition may appeal to individual investors, but at the same time it may also have to answer questions about how investments by its Vision Fund are performing, as well as the $100 billion fund’s reliance on Saudi Arabia in the aftermath of the murder of journalist Jamal Khashoggi.

Its biggest backer, Saudi Arabia’s Public Investment Fund (PIF) put $45 billion in the Vision Fund and may put the same amount into the second Vision Fund. The PIF is led by Crown Prince Mohammed bin Salman, who has been implicated by the Central Intelligence Agency and Turkish officials the planning of Khashoggi’s death.



from TechCrunch https://ift.tt/2DUxBqW
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more