SoftBank Has Awful Day

SoftBank Has Awful Day

TOKYO (Reuters) - SoftBank Corp (9434. T) shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei. The poor start for the unit of tech investment giant SoftBank Group Corp (9984.


User: Entertainment (now)

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Uploaded: 2018-12-20

Duration: 00:58