SoftBank weighs largest IPO ever for domestic wireless business

SoftBank weighs largest IPO ever for domestic wireless business

The Apple Inc. iPhone series is displayed at a SoftBank Group Corp. store in Tokyo, Japan, on Thursday, Feb. 22, 2018. Photographer: Akio Kon/Bloomberg

SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering, according to people familiar with the matter.

SoftBank is speaking to advisers about selling a third — or about $30 billion — of the business in the IPO, the people said, asking not to be named as the talks aren’t public. Discussions are preliminary and the final valuation will depend on investors’ feedback, they said.

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