Stock market quotes, forex, financial news, forex tools – money-investing.com

SoftBank Corp shares fell by 14.5% after IPO

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
SoftBank Corp shares fell by 14.5% after IPO
December 20
09:00 2018

SoftBank was able to raise $ 23.5 billion due to an IPO. This deal was the second largest in history. During the initial trade process the securities fell by 14.5%.

According to the Bloomberg agency, a larger number of the investors who bought the securities during the IPO are individuals. Investment funds and other organizations got only 10% of the shares.

SoftBank has managed to sell 1.5 billion shares at 1,500 yen each. 33% of the securities are in free circulation. The cost of the telecommunications unit was 7.18 trillion yen. More than 1 trillion was lost after the first session.

SoftBank brought to the market the most promising division. In general, the situation in the mobile market is not the best. The government is putting pressure on the operators, and the number of competitors is only growing.

To attract more investors, SoftBank has promised that 85% of the profits will be spent for paying dividends.

The company’s mobile business has expanded due to purchases of Japan Telecom in 2004 and a Vodafone unit in 2006. SoftBank Corp is now one of the three leading operators in the country.

After purchasing several large companies, SoftBank got a debt of 18 trillion yen. The company is not going to spend the money raised to pay for it. The funds will be used to purchase foreign assets in the IT field.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

1 Comment

  1. StuartBig
    StuartBig January 20, 03:58

    Hello. I have checked your money-investing.com and i see you’ve got some duplicate content so probably it is the reason that you don’t
    rank high in google. But you can fix this issue fast. There is a tool that
    creates content like human, just search in google: miftolo’s tools

    Reply to this comment

Write a Comment