SoftBank has set an indicative price of 1,500 yen ($13.23) per share for IPO of its Japanese telecommunication unit, as per the regulatory filing filed by the company on Friday. This means that the price of per share has remained unchanged from the earlier estimate.
Traditionally, almost all companies ahead of the IPO set an tentative price range instead of merely a indicative price. The price range is set after consulting with the institutional investors.
Meanwhile, the global corporate world is on its toes ahead of the blockbuster SoftBank IPO. Although the brand name of SoftBank is enough to generate the hype, the size of this IPO is also the reason for the visible excitement. SoftBank’s 21bn IPO is the largest IPO in Japan’s corporate history and also largest in the world since 2004.
Here is how things are panning up ahead of this blockbuster and epic IPO
- All the lead underwriters have reportedly received enough reservation from investors and retailers around estimated price of 1,500 Yen ($13.23).
- The hype around IPO is having a good impact on SoftBank’s share in the Tokyo exchange. SoftBank’s share surged as much as 3.9 percent to 9,597 yen, the highest intraday increase in more than a month.
- The final offer price will be decided on December 10 after the book building process is completed.
- To generate interest, all leading brokerage firms are running unique promotional campaigns including what is been touted as Japan’s first TV promotional ads for a private firm’s IPO.
- The stock is expected to start trading on Tokyo exchange on December 19.
- As per reports, this blockbuster IPO will help the Japanese conglomerate in trimming down its debt and taking big bets on innovative tech startups.
Most startups – especially the ones that boast good market tractions – will hope that SoftBank’s IPO does turn out to be tremendous success. After all, SoftBank is one of the largest and leading investors in the global startup ecosystem. So, let’s all keep our fingers crossed and hope that this IPO achieves an epic success.