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Sony shares jump on plan to list financial unit

Tue Sep 4, 2007 8:38pm EDT
 
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TOKYO (Reuters) - Shares of Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) jumped on Wednesday after the electronics conglomerate said it would list shares of its financial arm on the Tokyo Stock Exchange next month after raising up to $3 billion in an initial public offering to fund its core electronics business.

Sony was up 4.3 percent at 5,850 yen as of 0025 GMT, outperforming the electronics subindex which was up 1.3 percent.

 

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