*By Carlo Versano* SoftBank Group, the Japanese multinational conglomerate with stakes in some of the hottest U.S. tech start-ups, is planning a massive IPO for its telecom arm that could become Japan's largest public offering to date, [Bloomberg](https://www.bloomberg.com/news/articles/2018-11-12/softbank-unveils-21-billion-ipo-of-mobile-business?srnd=premium) reported Monday. SoftBank Founder Masayoshi Son is reportedly seeking $21 billion for the new entity that will be called SoftBank Corp. and begin trading Dec. 19. Citing the prospectus, Bloomberg said the company will offer 1.6 billion shares at 1,500 yen a piece, or roughly $13. That figure could change as the range of the offering is set. Son has used his $100 billion Vision Fund to transform SoftBank into a holding company with stakes in some of the world's most valuable technology companies, including Uber, WeWork, and Alibaba ($BABA). Softbank's telecom and mobile operation has long been the company's bread and butter, and spinning it off will give Son room to further position himself as a tech kingmaker.

Share:
More In Business
Disney content has gone dark on YouTube TV: What you need to know
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
Load More