Chief Executive Masayoshi Son made the announcement during a press conference in Tokyo but didn’t say how much the listing would raise or how much SoftBank would use for investments.
Analysts put the unit’s total value from $55B to $60B, which means a minority portion sale could raise almost $20B.
SoftBank’s acquisitions of U.S. mobile carrier Sprint and chip designer Arm Holdings have left the company with high debt and a credit rating that both Moody’s and Standard and Poor’s put at “junk.”
SoftBank founded the Vision Fund and an affiliate fund last year, which total nearly $98B. The funds invested $34B last year, according to Dealogic.
The credit rating agencies say outlooks for SoftBank’s rating depends on how much is floated in the mobile carrier unit.
Previously: Sprint to launch 5G network in 2019 (Feb. 5)
Previously: SoftBank Group reports 9M results (Feb. 7)
Subscribe for full text news in your inbox