- In the latest update on SoftBank's (OTCPK:SFTBY) mobile-service IPO, the conglomerate is working with Nomura Holdings (NMR -0.5%) on the deal, Bloomberg reports.
- SoftBank is considering marketing most of the offering to Japanese individuals, according to the report, which would play to Nomura's strengths. But it hasn't yet decided how it will split the offering between domestic and overseas investors.
- The conglomerate hasn't sent out requests for proposals from securities firms yet, but Nomura's early involvement could portend a solid global coordinator role for the country's biggest IPO since 1998's NTT DoCoMo.
- The offering could land more than ¥2T, some $19B in dollar terms.
- Previously: Nikkei: SoftBank to list 30% of mobile unit for ¥2T raise (Feb. 07 2018)