SoftBank Group Corp.'s ¥2.4 trillion ($21 billion) initial public offering for its Japanese telecommunications unit has successfully secured sales for the bulk of its shares to individual investors, sources have said.
The lead underwriters, which had set a target of about ¥2 trillion worth of retail sales, have received enough reservations at around the indicated price of ¥1,500, said the people, who asked not to be identified because the information isn't public.
One brokerage completed half of its volume at a retail branch on the first day, they said.
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