Shares closed nearly 15% below the ¥1,500 initial offering price
The IPO raised ¥2.65 trillion ($23.6 billion), second only to the 2014 listing of China’s Alibaba. (WSJ article)
SoftBank Group has larger debt and commitments – investment as an obiligation.
Cash is the paramount consideration, especially in an interest rate rising environment.
Connection with huawei and uses of its equipments added to the hit.