© Reuters. FILE PHOTO – A pedestrian holding a mobile phone walks past a logo of SoftBank Corp in front of its branch in Tokyo

TOKYO (Reuters) – SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an additional 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 trillion yen ($23.5 billion/18.46 billion pounds) in Japan’s biggest-ever IPO.

That makes the IPO one of the largest of all time globally, just shy of the record $25 billion that Chinese e-commerce firm Alibaba Group Holding Ltd (N:) raised in 2014 at the current exchange rate.

The price set by SoftBank Group Corp’s (T:) Japanese telecommunications unit was unchanged from the indicative price and its overallotment option will be exercised in full, the filing to the finance ministry showed on Monday.

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