Softbank Considers Going Public With IPO Worth $18 Billion

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Multi-national tech giant and majority owner of Sprint Corp., Softbank Group Corp is reportedly considering taking its Japanese wireless business – Softbank Corp – public. While the company has not yet confirmed that it will do so for certain, sources say the company hopes to sell off around 30-percent of itself for around $ 18 billion – effectively representing the largest initial public offering in around 20 years for the region. The company would use the funding gained through the sale to re-invest in itself via further buy-ins with technology companies around the world. The move wouldn’t necessarily be a break in Softbank’s usual operating procedures, as i…
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