SoftBank's Yanolja Said to Plan $400 Million IPO as Soon as July [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
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Source: Yahoo! Finance
(Bloomberg) -- SoftBank Group Corp.-backed South Korean travel app Yanolja Co. is aiming for $400 million in a US initial public offering, people familiar with the situation said. Most Read from Bloomberg Behind ‘Suicide Squad,' the Year's Biggest Video-Game Flop Real Estate Investors Are Wiped Out in Bets Fueled by Wall Street Loans Vietnam Tycoon Sentenced to Death Faces New Charges: Media Billionaire-Friendly Modi Humbled by Indians Who Make $4 a Day A Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambitions The Seoul-based startup's offering, which may launch as soon as July, could value the company at $7 billion to $9 billion, the people said, asking not to be identified because the information is private. Goldman Sachs Group Inc. and Morgan Stanley are set to lead the IPO, the people said. The company hasn't made a final decision and details of the offering could still change, the people said. Some features of Yanolja's listing plans were repo
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