Volkswagen pulls truck unit IPO in setback to CEO's revamp

Business Mar 14, 2019

Volkswagen pulls truck unit IPO in setback to CEO's revamp

Volkswagen AG canceled plans to sell a share of its Traton SE division due to weak market conditions, dealing a setback to the automaker's plan to generate fresh funds for the heavy-truck unit's expansion outside Europe. "We regret that we have to refrain from a ...

SoftBank's ¥2.4 trillion IPO reaches retail sales target

Business / Corporate Nov 29, 2018

SoftBank's ¥2.4 trillion IPO reaches retail sales target

SoftBank Group Corp.'s ¥2.4 trillion ($21 billion) initial public offering for its Japanese telecommunications unit has successfully secured sales for the bulk of its shares to individual investors, sources have said. The lead underwriters, which had set a target of about ¥2 trillion worth of ...

SoftBank IPO seeks $18 billion from retail investors

Business / Corporate Nov 7, 2018

SoftBank IPO seeks $18 billion from retail investors

SoftBank Group Corp. is seeking to raise a record ¥2 trillion ($18 billion) from Japanese individuals in the initial public offering of its mobile phone unit, targeting investors who often get no interest on their savings, sources have said. Nomura Holdings Inc., a joint global ...