SoftBank is taking its mobile division public. But what is SoftBank?

Marielle Segarra Nov 12, 2018
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Softbank group CEO Masayoshi Son delivers a speech during his company's financial results press conference at a hotel in Tokyo on Nov. 5, 2018. TOSHIFUMI KITAMURA/AFP/Getty Images

SoftBank is taking its mobile division public. But what is SoftBank?

Marielle Segarra Nov 12, 2018
Softbank group CEO Masayoshi Son delivers a speech during his company's financial results press conference at a hotel in Tokyo on Nov. 5, 2018. TOSHIFUMI KITAMURA/AFP/Getty Images
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SoftBank Group Corp., the massive Japanese holding company, is planning to take its mobile division public. The company is trying to raise $21 billion in its IPO, and it’ll list on the Tokyo Stock Exchange in December. You may not have heard of SoftBank, but it has a hand in a lot of our consumer technologies in the U.S. 

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