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Softbank shares down as mobile device makes the Tokyo debut

Media playback is not supported on your device Mediaskrift How Softbank Share Sales Can Change Your Life The mobile unit of the Japanese tech giant Softbank has had a disappointment on the Tokyo Stock Exchange. The company aims to increase up to $ 2.6 trillion ($ 23 billion) by selling shares of 1500 yen in one of the world's largest stock objects. But when markets were opened in Tokyo on Wednesday, stocks were trading down to 1 ,463 yen. Originally, a telecom company Softbank has become a major conglomerate that covers robots, chips and investments. The company was founded by Japan's richest man, Masayoshi Son. What does this sale mean for Softbank? While you could already buy shares in Softbank itself, its telecommunications unit is now available for public purchase. This initial public offering (IPO) – a way for the company to raise new capital – is seen as the cementation of Softbanker's movement from the domestic telecommunications provider to a global technical investor. It was expected to be one of the biggest ever offers on stock markets such as Japan – or the world – ever seen. The 2.6 billion yen that Softbank hopes to raise would get the company close to the Chinese ecommerce giant Alibaba record $ 25bn IPO in 2014. In comparison, Facebook only increased $ 16 billion when it became public in 2012. [19659004] The money raised by the public offer will likely burn the company's next wave of technical investment. What is Softbank? As…

Media playback is not supported on your device

Mediaskrift How Softbank Share Sales Can Change Your Life

The mobile unit of the Japanese tech giant Softbank has had a disappointment on the Tokyo Stock Exchange.

The company aims to increase up to $ 2.6 trillion ($ 23 billion) by selling shares of 1500 yen in one of the world’s largest stock objects.

But when markets were opened in Tokyo on Wednesday, stocks were trading down to 1

,463 yen.

Originally, a telecom company Softbank has become a major conglomerate that covers robots, chips and investments.

The company was founded by Japan’s richest man, Masayoshi Son.

What does this sale mean for Softbank?

While you could already buy shares in Softbank itself, its telecommunications unit is now available for public purchase.

This initial public offering (IPO) – a way for the company to raise new capital – is seen as the cementation of Softbanker’s movement from the domestic telecommunications provider to a global technical investor.

It was expected to be one of the biggest ever offers on stock markets such as Japan – or the world – ever seen.

The 2.6 billion yen that Softbank hopes to raise would get the company close to the Chinese ecommerce giant Alibaba record $ 25bn IPO in 2014.

In comparison, Facebook only increased $ 16 billion when it became public in 2012. [19659004] The money raised by the public offer will likely burn the company’s next wave of technical investment.

What is Softbank?

As a major conglomerate, the company can be difficult to define. Softbank started as a telecom company but has spread through many offers and investments.

The company has moved into robotics, bought the British chip company ARM Holdings and invested in OneWeb and satellite launch business, as well as Toyota proprietary technology.

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EPA

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Softbank is located behind the robot Pepper

It also acquired Vodafone’s Japanese operations and the American telecom company Sprint.

The company formed a venture capital with Saudi Arabia, focusing on new technology and having approximately $ 90 billion at its disposal.

Saudi Arabia is the fund’s largest investor and other backers include Apple and Foxconn.

But Softbank has been criticized for cooperation in the face of the recent death of Saudi death journalist Jamal Khashoggi.

Company manager Masayoshi son condemned Khashoggi murder, but Softbank has to continue working with Riyadh.

Who is Masayoshi Son?

Son founded Softbank and has refused to become one of the world’s largest technology companies.

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Getty Images

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Masayoshi Son is Japan’s richest man, according to Forbes

Entrepreneur – Japan’s richest man according to Forbes Magazine – is famous for keeping an eye on companies with great potential and for discovering transformative industries and trends.

He saw the potential of e-commerce before many others and was an early investor in Alibaba.

Often described as Steve Jobs or Bill Gates in the Japanese business, he is seen as someone different from the country’s more conservative corporate culture.

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