Softbank raises JPY 2.6 trillion in IPO of Japanese telecom business

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(Telecompaper) Softbank Group has confirmed the sale of 1.7 billion shares in the initial public offering for its Japanese telecom business. At a price of JPY 1,500 per share, the IPO raised JPY 2.646 trillion (USD 23.4 billion) in gross proceeds for the company. 
Source: Industry News (syndicated from Telecompaper.com)

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