SoftBank estimates $4.6 billion gain from Alibaba listing

Sep 21 2014 4:55AM EST | Source: REUTERS Technology

TOKYO (Reuters) - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.