SoftBank Telco Unit IPO to Make History

The transcript discusses SoftBank's IPO on the Tokyo Stock Exchange, highlighting its unprecedented move to list without a price range, targeting retail investors. It addresses challenges in Japan's telecom industry, including government pressure to cut fees and competition from Rakuten. Despite these challenges, SoftBank's IPO has met its sales target, driven by strong investor demand and a perception of stability, offering an attractive yield in a low-interest environment.

What challenges does SoftBank face in terms of competition with KDDI and Docomo?

Discuss the significance of the two trillion yen sales target mentioned in the text.