BUSINESS SoftBank's mobile unit closes 14 percent lower than IPO price

BUSINESS

SoftBank's mobile unit closes 14 percent lower than IPO price

AP

14:12, December 19, 2018

Shares in the mobile unit of Japanese technology giant SoftBank closed at the lowest levels of the day as the stock suffered a bruising opening trading session Wednesday following the world's second-biggest IPO.

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(File photo: VCG)

Stock in SoftBank Corp closed at 1,282 yen, 14.5 percent lower than the price set for its initial public offering.

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