SoftBank IPO Said to Seek $18 Billion for Mobile Unit

SoftBank plans to raise 3 trillion yen through an IPO, with 2 trillion yen allocated to retail investors, indicating strong demand. The spinoff of its mobile unit allows CEO Massa Son to focus on tech investments, particularly in AI. Despite controversy over ties with Saudi Arabia, SoftBank emphasizes the importance of Saudi investments for economic diversification. Plans to cut workforce through automation are part of SoftBank's transformation. The future focus is on AI and tech, with challenges in finding large investments outside Saudi Arabia.

What is the total amount SoftBank aims to raise through its IPO?

• 3 trillion yen

• 2 trillion yen

• 1 trillion yen

• 4 trillion yen

Why is there strong demand expected from individual investors in Japan for SoftBank's IPO?

• Due to low share prices

• Because of SoftBank's strong brand and promised high dividends

• Because of government incentives

• Due to a lack of other investment opportunities

What is Masa Son's primary focus after the spinoff of the mobile unit?

• Increasing retail investor base

• Reducing company expenses

• Investing in tech startups

• Expanding the mobile telecom unit

How does the mobile unit's reliance on Saudi Arabia compare to the Vision Fund?

• It relies equally on Saudi Arabia

• It does not rely on Saudi Arabia as much as the Vision Fund

• It relies more heavily on Saudi Arabia

• It has no ties to Saudi Arabia

What is one of the strategies mentioned for increasing profits in the mobile unit?

• Reducing marketing expenses

• Increasing product prices

• Cutting a significant percentage of the workforce

• Expanding into new markets