For every share T-Mobile sells in the offering, it will repurchase one share from a subsidiary of SoftBank at the same price, T-Mobile said in a statement.
T-Mobile said it was offering about 134 million shares and the underwriters will have access to an additional 10 million shares.
SoftBank was widely expected to try and monetize its T-Mobile stake as it looks to raise capital through asset sale to prop up its floundering tech investing empire and fund a record share buyback. (https:\/\/reut.rs\/3eBIFs8)
Goldman Sachs, Morgan Stanley, Citigroup and J.P. Morgan have been appointed as joint lead book-running managers for the offering.
<\/body>","next_sibling":[{"msid":76524292,"title":"Expect Vodafone Idea to rally further if SC considers staggered AGR dues: Mahantesh Sabarad","entity_type":"ARTICLE","link":"\/news\/expect-vodafone-idea-to-rally-further-if-sc-considers-staggered-agr-dues-mahantesh-sabarad\/76524292","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":76524639,"entity_type":"ARTICLE","title":"T-Mobile launches stock offering to facilitate SoftBank's stake sale","synopsis":"For every share T-Mobile sells in the offering, it will repurchase one share from a subsidiary of SoftBank at the same price, T-Mobile said in a statement.","titleseo":"telecomnews\/t-mobile-launches-stock-offering-to-facilitate-softbanks-stake-sale","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":204,"shares":0,"engagementtimems":880000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2020-06-23 11:07:52","lastupd":"2020-06-23 11:10:15","breadcrumbTags":["SoftBank stake sales","T-mobile","SoftBank Group","Industry","T-Mobile US"],"secinfo":{"seolocation":"telecomnews\/t-mobile-launches-stock-offering-to-facilitate-softbanks-stake-sale"}}" data-news_link="//www.iser-br.com/news/t-mobile-launches-stock-offering-to-facilitate-softbanks-stake-sale/76524639">