FIRST AIRED: January 15, 2018

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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
>> Japan's SoftBank may plan to stage one of the country's biggest ever IPOs. The company said Monday it's weighing a public listing for its mobile phone business with an aim to drum up $18 billion. That would power its drive to invest in tech companies around the globe, including an offer to buy a large number of Uber shares last month.
00:00:20
It´s already got a vast portfolio that includes China´s Alibaba and struggling US wireless provider Sprint. Listing it´s phone unit would complete Soft Bank switch from telecoms giant to more of a global investor. Shares in Soft Bank climb 4% on the news Monday. Japan's NK newspaper says the company plans to seek approval from the Tokyo stock exchange as soon as spring with an aim to debut in Japan and overseas possibly in London in the fall.