SoftBank Corp. Global Offering of Common Stock
9/25/2020

Davis Polk advised the joint global coordinators in connection with the follow-on equity offering of 927,490,200 shares of common stock of SoftBank Corp. The shares were sold by SoftBank Group Japan Corporation, a wholly owned subsidiary of SoftBank Group Corp., which included an over-allotment option of 33,523,700 shares. The shares are listed on the Tokyo Stock Exchange. After full exercise of the over-allotment option, the aggregate proceeds of the global offering will be approximately ¥1.1 trillion (approximately $10.6 billion).

SoftBank Corp. is one of Japan’s largest telecommunications providers, offering a wide range of mobile and fixed-line telecommunications services and products to consumers and enterprises in Japan.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associates Chihiro Sasaki and Mari Foster. Members of the Davis Polk team are based in the Tokyo and New York offices.