SoftBank foregoes pricing range for IPO

Friday 30 November 2018 | 09:41 CET | News
SoftBank has set a single preliminary figure for the share price in the IPO of its Japanese telecom business, Bloomberg reported, citing a company filing. The document showed Softbank's plans to sell its shares at JPY 1,500 at per unit, the same price indicated earlier this month. One of the lead underwriters noted that this was the was the first time a stock was set to debut on the Tokyo Stock Exchange without a range. Potential investors are usually given a range, so that the final price can be adjusted for fluctuations in demand. About 90 percent of the offering will be sold in Japan, the

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Categories: Mobile & Wireless
Companies: Softbank
Countries: Japan
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