SoftBank's mobile IPO marks Son's latest risky play

Listing expected to raise $23bn but analysts question the timing

The Tokyo Stock Exchange approved SoftBank Corp.'s IPO on Monday

WATARU SUZUKI, Nikkei staff writer

November 12, 2018 16:44 JST

Updated on November 13, 2018 10:37 JST

TOKYO -- SoftBank Group has set the stage for what is likely to be one of the largest initial public offerings ever, with its move to float mobile phone unit SoftBank Corp. But as Chairman and CEO Masayoshi Son completes the conglomerate's divergence into an investing holding company and a wireless provider, market watchers see significant risks on both fronts.