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SoftBank could raise $18 bln from mobile phone business IPO

Japan's SoftBank Group Corp is considering the possibility of an initial public offering of shares of its mobile phone unit. The company aims to raise 2 trillion yen ($18bn).

These funds will be used to further develop and expand of the corporation, including the acquisition of technological start-ups.

The listing of the SoftBank subdivision can take place simultaneously on the Tokyo Stock Exchange, as well as at one of the foreign exchanges.

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