SoftBank has set a preliminary IPO rating of the telecom unit in the amount of 1,000 thousand yen per share

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Japanese telecommunications corporation SoftBank Group is preparing for an IPO of its mobile division, setting a preliminary offering price of shares at the level of 1,500 yen per unit. Bloomberg reported that the established share price coincides with market estimates, and noted that the cost of the mobile division of SoftBank, thus, is estimated at $65 billion. The initial public offering of the mobile division, to be held on December 19 on the Tokyo Stock Exchange, can bring the company about $23 billion and become the largest IPO in the world since the placement of shares of Chinese Alibaba in 2004.

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