SoftBank (SFTBY +2.4%) is readying what may be the biggest initial public offering in history for its Japanese mobile business, with reports on the sale ranging from an offering of ¥2.3T to ¥3T (some $20B-$27B worth).
The company reportedly expects to complete the offering by late December.
Alibaba sold $25B worth of shares in New York in 2014, still the biggest-ever IPO.
SoftBank is looking to the Tokyo Stock Exchange to list and most of the issue will be pitched at domestic investors.
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