SoftBank's telecom unit suffers $9b slump on debut after record IPO

SoftBank's telecom unit suffers $9b slump on debut after record IPO

Masayoshi Son. Photographer: Kiyoshi Ota/Bloomberg

SoftBank Corp 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.

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