SoftBank telecom unit's shares fall below IPO price in Tokyo debut

SoftBank telecom unit's shares fall below IPO price in Tokyo debut

Ken Miyauchi, president and chief executive officer of SoftBank Corp., hits the bell at TSE. Photographer: Kiyoshi Ota/Bloomberg

The shares of SoftBank Group Corp.’s Japanese telecom business fell at the start of trading after Masayoshi Son raised more than $20 billion in an initial public offering.

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