Sun Zhengyi, chairman and CEO of Softbank Group, said, 'In our 35-year history', mobile communication 'is only the focus of the last 10 years or so'. He added: 'I hope to return to our original model - become a strategy Holding company. '
The Japanese tech giant plans to sell more than 30% of its shares when Softbank is listed. The company said on July 9 that Softbank has filed an initial listing application and is expected to land on the Tokyo Stock Exchange as early as this year. Softbank Group holds Almost all shares of Softbank.
Softbank Group is expected to make a profit of approximately 2.5 trillion yen ($22.3 billion) through this IPO. The IPO will become the largest IPO transaction in Japan's history, surpassing Japan's Telephone and Telegraph Corporation's IPO of 23 trillion yen in 1987. .
Sun Zhengyi said in a recent speech that this amount, together with the Softbank Group's $100 billion vision fund, will bring large sums of money to areas such as artificial intelligence, the Internet of Things, robotics and car services. He is most interested. Still artificial intelligence, this technology claims to change every aspect of life, including medical, transportation and construction.
GM has announced that the company's driverless car division has received a vision fund investment, and plans to achieve large-scale commercialization of driverless vehicles in 2019. Rising Securities analyst Satoru Kikuchi said that as the fund 'starts to recover investment Expectations about its contribution to profit and growth will increase.'
As the market is optimistic about the Softbank Group's plan, the stock hit a new high this year last Friday, rising for 11 consecutive trading days. Recently there have been reports that Tiger Global Management has bought about $1 billion in Softbank stock. As of March 31 During the fiscal year, Softbank Group achieved an operating profit of 1.3 trillion yen, providing a good strategic opportunity for transformation.
The stock market value of Softbank's stock market is expected to reach 7 trillion to 8 trillion yen, which is equivalent to KDDI. The latter has a market capitalization of about 8 trillion yen and is the sixth largest listed company in Japan.
Prior to the IPO, Softbank plans to emphasize the relationship between the company and Yahoo Japan, and Softbank Group holds about 43% of the latter. The mobile division will acquire approximately 10.7% of the company from Altaba (Altaba is an investment). The company, its predecessor was Yahoo, and then resold it to Yahoo Japan.