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Business deals

SoftBank eyes $18bn IPO for mobile unit

Japanese group looking at offerings in Tokyo and London this year

SoftBank Group Chairman and CEO Masayoshi Son at an earnings briefing in November

TOKYO -- SoftBank Group aims to list its mobile phone unit SoftBank Corp. in Tokyo and overseas this year, possibly bringing in some 2 trillion yen ($18 billion), one of the largest initial public offerings ever for a Japanese company.

The telecommunications giant plans to apply to the Tokyo Stock Exchange as early as the spring with an eye on having SoftBank Corp. trade on the bourse's first section starting around autumn. It's hoping for an overseas debut at the same time, possibly in London.

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