SoftBank to Spin Off Telecom Unit in $21 Billion IPO
*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.
After a bumpy ride, the ride-hailing app is back in the good graces of investors. Plus: OpenAI, Google, Apple, Target, Moody's, Paramount, and Golden Dome.
Smoke that filled the cabin of a Delta flight as it took off from the Atlanta airport in February was so thick the led flight attendant had trouble seeing past the first row of passengers and the pilots donned oxygen masks as a precaution.
Arjan Stephens, President of Nature's Path, discusses the company's origin, how it has evolved today and the interesting product that came from his wedding!
Small business reporter, Gene Marks, joins Cheddar to give analysis on how small businesses are tackling incoming tariffs and how it will affect the consumer.
Babylist CEO Natalie Gordon joins Cheddar to discuss how the website is helping new parents, how to make a registry and how secondhand options are available.
