(Corrects paragraph 3 to say IPO would value the company at
$100 billion, not raise $100 billion)
TOKYO, July 30 Softbank Corp CEO
Masayoshi Son said on Tuesday no decision had been made
regarding a possible initial public offering for Alibaba,
China's and the world's largest Internet retailer which is 36.7
percent owned by the Japanese mobile carrier.
"There is no firm plan for an Alibaba IPO and I will refrain
from commenting," Son told a briefing on SoftBank's quarterly
earnings. He had been asked about the impact on SoftBank of a
planned Alibaba IPO in Hong Kong.
Alibaba has not given a timetable for an IPO, although an
offering is widely anticipated with speculation that it could
come as early as this year and value the company at up to $100
Investors see an Alibaba IPO potentially bolstering the
ambitious Son's financial leeway to pursue further overseas
acquisitions after SoftBank closed a $21.6 billion deal this
month to buy U.S. mobile carrier Sprint Corp.
(Reporting by Mari Saito; Editing by Edmund Klamann)