SoftBank IPO Faces Headwinds
SoftBank IPO Faces Headwinds

SoftBank IPO Faces Headwinds

SoftBank IPO Faces Headwinds

SoftBank Group Corp.’s expected spin-off of its Japanese telecoms business will lure investors seeking exposure to a solid tech name but the prospect of tougher competition in a mature industry may turn off those chasing higher returns, Reuters reported. SoftBank shares have risen about 3% this week since it said it was considering what would be the largest IPO by a Japanese company in nearly two decades, a deal that would accelerate the group’s transformation into one of the world’s biggest tech investors. The company aims to sell about 30% of SoftBank Corp., Japan’s number three wireless carrier, for about two trillion yen (£12.93 billion), the Nikkei newspaper reported. The proceeds would be invested in growth assets such as foreign information technology companies. While it could provide founder Masayoshi Son’s global investment juggernaut with a cash boost, the domestic phone business is facing a concerted attempt by regulators to drive down telco fees and promote new entrants, threatening to crimp profits.


Short URL : https://goo.gl/VwqVsL
  1. https://goo.gl/TJpkdY
  • https://goo.gl/af5ndz
  • https://goo.gl/t1wxZ7
  • https://goo.gl/ugXLSx
  • https://goo.gl/rhQNc3

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...

Add new comment

Read our comment policy before posting your viewpoints