SoftBank unveils massive $21 bn IPO of Japan mobile unit

The company had announced in February that it was going ahead with the IPO after media speculation about the plan. [Photo: AFP]

SoftBank said the initial public offering will take place in Tokyo on December 19 and it will offer 1.6 billion shares in its SoftBank Corp mobile unit at 1,500 yen ($13) each

Telecoms giant SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21 billion and be one of the biggest tech IPOs in years.