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Wednesday, December 19, 2018

SoftBank telco suffers $9 billion slump on debut after record IPO

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.


from Reuters: Business News https://ift.tt/2CmffO9

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