Softbank announced plans to sell a third of its Japanese subsidiary, which fell 3.4percent

category:Internet
 Softbank announced plans to sell a third of its Japanese subsidiary, which fell 3.4percent


Softbanks IPO in December 2018 was a perfect storm. Just days before the deal began, the company suffered a rare network outage that left users across Japan without signals for more than four hours. Investors were also spooked by plans by Rakuten, an e-commerce giant, into Japans wireless market and the global stock market sell-off. Softbanks share price is about 7% lower than its first day offering price of 1500 yen.