“As long as we are a subsidiary of Softbank, we should seek to become a unicorn.”

Editor’s note: This article is from “Tencent Technology”, reviewing the Golden Deer. Authorized to reprint.

One Tap Buy is preparing to begin offering such sales as early as March 2020, with the necessary regulatory approvals. The company’s CEO, Masaaki Uchiyama, said this would mark the first time an investor would be able to subscribe for an IPO based on the amount of the investment rather than a specific number of shares.

Software's wireless division opens a new IPO model with a minimum investment threshold of less than $10

August 22, according to foreign media reports, One Tap Buy, the wireless arm of investment giant SoftBank Group, is preparing to do something unprecedented in the capital market, which will allow Japanese to participate for the first time. For public offerings (IPOs), the minimum investment amount is only 1,000 yen (about 10 US dollars).

One Tap Buy is preparing to begin offering such sales as early as March 2020, with the necessary regulatory approvals. The company’s CEO, Masaaki Uchiyama, said this would mark the first time an investor would be able to subscribe for an IPO based on the amount of the investment rather than a specific number of shares.

Uchiyama said in an interview: “When you buy food or car fuel, it’s easier to specify the amount of money you want to spend, not the number of items. The only thing investors want to know is how much they can get for $10. Revenue.”

In the competition to tap personal potential through financial services, Softbank is facing competition from Line and Rakuten. Line began its online brokerage business with Nomura Holdings, Japan’s largest bank, this week, and Lotte announced last month that it would begin lending and issuing credit cards in the United States. The goal of these three companies is to create and expand new markets, targeting younger and less affluent investors.

Softbank holds a 46% stake in One Tap Buy, and Mizuho Securities holds a 13% stake. Uchiyama joined the smartphone-based brokerage company in 2016, after he was on SMBC Day.SMBC Nikko Securities, Accenture worked and became CEO in July.

Uchiyama said that One Tap Buy will seek an IPO in the next three to five years. He added that before this, the company plans to raise up to 3 billion yen (about 28 million US dollars) from investors by March 2020 to expand its brokerage business. He also said: “As long as we are a subsidiary of Softbank, we should seek to become a unicorn.”