Thursday , January 28 2021

Softbank wants to bring Mobilfunktochter to the stock market in December



It is considered to be one of the most important public registrations of the year: Japanese company Softbank lists its mobile phone subsidiary on Dec. 19 in Tokyo. Realignment is progressing with one of the world's leading technology investors.

Mega IPO: Japan's Softbank wants to take over IPO of its mobile phone segment of over 18 billion euros. (Picture: KEYSTONE / AP / SHUJI KAJIYAMA)

Mega IPO: Japan's Softbank wants to take over IPO of its mobile phone segment of over 18 billion euros. (Picture: KEYSTONE / AP / SHUJI KAJIYAMA)

(SDA / AWP / DPA)

The Japanese softbank technology company is targeting a large-IPO of mobile phone business in December. The founder of Masayoshi Son hopes for revenue of 2.4 trillion yen (18.7 billion euros). This will be the largest IPO ever made in Japan. However, Softbank Mobile will lose the world record with a volume of about $ 21.1 billion, unlike previous expectations. From 2014, the Chinese Alibaba trading platform owns $ 25 billion in revenue.

The public auction on December 19, a good 36 percent of the mobile sector will be listed. Softbank will remain under control. The telecommunications company is considered the Softbank Group's money machine.

The billionaire son leads the reorientation of his empire to placement. The group, which has developed as a mobile communications provider, is increasingly acting as a technology investor. Among other things, with a huge influx of cash from Saudi Arabia, the Son created the Vision Fund of about $ 100 billion for investment in technology companies. Among other things, the fund was acquired by Uber and other car brokers. Following the assassination of journalist Jamal Khashoggi at the Istanbul Consulate in Saudi Arabia, it is increasingly critical that Softbank rely so much on the country's money. The founder of Softbank also needs new sources of money to continue investing.

The first plans for public listing were already known at the beginning of the year. The son is now under pressure to move on with the project. Because the environment is not without problems: The Softbanks mobile company threatens a possible price war after the Japanese government has put pressure on their view, according to high customer accounts. As a result, the largest Japanese mobile operator NTT Docomo has already announced significant price reductions. In addition, the new competition comes from online seller Rakuten, who recently announced his own offer at the lowest price.


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