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Softbank's mobile business goes out on the stock exchange debut

It makes it Japan's largest asset plot – and the world's largest since Alibaba (BABA) $ 25 billion in New York in 2014. [19659004] Strong demand from investors for some of the mobile business had led Softbank to increase the number of shares it sold. But it was publicly facing a hard time for stocks: Japan's reference index The Nikkei index has fallen more than 6 % since the beginning of December and is about 13% from the last one in early October. SoftBank's mobile operations have also encountered some negative headlines this month. It suffered an embarrassing service break on December 6th and said last week that it is being investigated to remove equipment manufactured by the Chinese manufacturer Huawei from its network, a potentially expensive move. Listing of the mobile business is an important part of Son's efforts to relocate SoftBank as global technical investor. The move divides the company into two, enabling investors to choose between their mobile device and its technical investment operations, which includes a large share in Alibaba. Son has become a major player in the global engineering industry after launching nearly $ 100 billion Vision Fund last year. Jethro Mullen contributed to this report.

It makes it Japan’s largest asset plot – and the world’s largest since Alibaba (BABA) $ 25 billion in New York in 2014. [19659004] Strong demand from investors for some of the mobile business had led Softbank to increase the number of shares it sold.

But it was publicly facing a hard time for stocks: Japan’s reference index The Nikkei index has fallen more than 6 % since the beginning of December and is about 13% from the last one in early October.

SoftBank’s mobile operations have also encountered some negative headlines this month. It suffered an embarrassing service break on December 6th and said last week that it is being investigated to remove equipment manufactured by the Chinese manufacturer Huawei from its network, a potentially expensive move.

Listing of the mobile business is an important part of Son’s efforts to relocate SoftBank as global technical investor. The move divides the company into two, enabling investors to choose between their mobile device and its technical investment operations, which includes a large share in Alibaba.

Son has become a major player in the global engineering industry after launching nearly $ 100 billion Vision Fund last year.

Jethro Mullen contributed to this report.

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