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Softbank roller coaster
It was a roller coaster ride for investors in the newly-listed shares of the mobile unit of Japanese technology giant Softbank.
On Wednesday, shares in the newly listed Softbank Corp fell 14.5% on the Tokyo Stock Exchange. The initial public offering was the world’s second-largest ever.
Analysts had pointed to a number of reasons for the falls, including the government's pressure on Japan's telco firms to cut prices for their customers, and concerns over the firm's exposure to China's Huawei.
Softbank Corp's shares managed to recover however in late afternoon trade to be up 0.55%.
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