SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an additional 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 trillion yen ($23.5 billion) in Japan's biggest-ever IPO.
That makes the IPO one of the largest of all time globally, just shy of the record $25 billion that Chinese e-commerce firm Alibaba Group Holding Ltd raised in 2014 at the current exchange rate.
The price set by SoftBank Group Corp's Japanese telecommunications unit was unchanged from the indicative price and its overallotment option will be exercised in full, the filing to the finance ministry showed on Monday.
($1 = 112.7200 yen)
First Published: Dec 10, 2018 11:45 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM