Softbank Corp’s shares will likely be listed on the first section of the Tokyo Stock Exchange by the end of October, according to a Nihon Keizai Shimbun report, becoming the first stock ever to move directly from the over-the-counter market to the prestigious first section. Softbank hopes to attract institutional investors its shares, as now about 97% of the stock is held by individuals. Softbank now meets first- section listing standards of 100 million shares issued and 3,600 shareholders. It is not expected to make a public offering when it is listed on the TSE.
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