SoftBank’s mobile unit listing on Tokyo Stock Exchange on Dec. 19: DealWatch

DealWatch’s report, citing anonymous sources, have named Nomura Holdings, SMBC Nikko Securities, JP Morgan, Goldman Sachs, Deutsche Bank, among the global coordinators for whats is likely to be Japan’s biggest ever IPO on November 12.

According to a report from DealWatch, citing unnamed sources, SoftBank Group Corp’s mobile unit is expected to win an approval for listing at the Tokyo Stock Exchange on November 12 with the likely listing date being December 19.

According to the report, Nomura Holdings, SMBC Nikko Securities, JP Morgan, Goldman Sachs, Deutsche Bank, are among the global coordinators for the initial public offering (IPO).

SoftBank did not immediately respond to a request for comment.

The listing, likely to be Japan’s biggest ever, will mark the transformation of SoftBank and its more than $93 billion Vision Fund into one of the world’s largest technology investors.

Strategically, the listing will free up cash for investments which could be channeled in a wide variety of investment vehicles ranging from solar energy to ride-sharing.

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