SoftBank unveils massive $21 billion IPO of Japan mobile unit

Tokyo (AFP) – Japanese telecoms giant SoftBank announced Monday it would list shares in its Japanese mobile unit, a sale that could raise over $21 billion in one of the biggest tech IPOs in years.

The company said the initial public offering will take place in Tokyo on December 19, involving 1.6 billion shares in its SoftBank Corp mobile unit at 1,500 yen each.