SoftBank Corp raises $800 million through Japan's first listing of bond-type shares

Explore stories from Atlantic Canada.

TOKYO - Japan's SoftBank Corp's bond-type shares were listed on the Tokyo Stock Exchange on Thursday in the first such listing in Japan, raising a total of 120 billion yen on strong retail and institutional investor demand.SoftBank CEO Junichi Miyakawa said that the money would be used to fund its medium-term plans, including building out"next generation social infrastructure".

On Tuesday, the telecoms firm said it had commenced operations of a computing platform through which it aims to develop an LLM in 2024. The offering was primarily aimed at retail investors and demand appears to have been strong among both retail and institutional investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank Corp raises $800 million through Japan's first listing of bond-type sharesJapan's SoftBank Corp's bond-type shares were listed on the Tokyo Stock Exchange on Thursday in the first such listing in Japan, raising a total of 120...
Read more »

Toronto Stock Exchange: Active Companies and Deals with Telus Corp. and Cameco Corp.A roundup of the most active companies traded on the Toronto Stock Exchange, including First Quantum Minerals, Enbridge Inc., and Tamarack Valley Energy. Telus Corp. announces a deal with Flo to improve reliability of electric vehicle charging network, while Cameco Corp. sees an increase in shares.
Read more »

SoftBank’s Pioneering Bond-Type Stock Starts Trading in TokyoSoftBank Corp.’s corporate bond-type stock traded on the Tokyo Stock Exchange today at slightly more than the offering price, in the first listing of its type in Japan.
Read more »

Bullish on MEG Energy Corp.A technical look at the stock
Read more »

Parkland Corp.'s third-quarter earnings double on strong refinery performanceFuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and the company's ongoing efforts to optimize its Burnaby refinery.
Read more »