SoftBank’s Record IPO Reaches $23.5 Billion After Extra Share Sale

SoftBank’s Record IPO Reaches $23.5 Billion After Extra Share Sale
A pedestrian holding a mobile phone walks past a logo of SoftBank Corp in front of its branch in Tokyo on Dec. 31, 2013. Yuya Shino/File Photo/Reuters
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TOKYO—SoftBank Group Corp. is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO—a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor.

Telco unit SoftBank Corp. on Dec. 10 priced its stock at 1,500 yen apiece, as previously indicated.