Shares of SoftBank Corp., the mobile subsidiary of Japanese conglomerate SoftBank Group Corp. (SFTBF.PK), fell more than 14 percent in their trading debut Wednesday on the Tokyo Stock Exchange. The company's initial public offering or IPO is the largest in Japan and the second-largest in the world.
The shares opened at 1,463 yen before falling to end the day at 1,282 yen, down 14.5 percent from its offering price of 1,500 yen. The closing stock price gave the company a market capitalization of 6.14 trillion yen.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.