TOKYO: SoftBank Corp shares tumbled more than 14% on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei.
The poor start for the unit of investment giant SoftBank Group Corp meant that for Japan’s mom-and-pop investors, concerns about the company and the nation’s telecoms market trumped the appeal of the group’s charismatic founder Masayoshi Son.
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