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SoftBank's service crash rattles investors ahead of IPO

Some cancel stock purchases before Dec. 19 debut

SoftBank, Japan's No. 3 mobile carrier, is scheduled to go public on Dec. 19. Some investors canceled share purchases following the company's service disruption on Dec. 6. (Photo by Taichiro Sunaga)

TOKYO -- SoftBank's mobile service breakdown Thursday, which disconnected millions of subscribers in Japan for more than four hours, is giving retail investors second thoughts about the carrier's initial public offering on Dec. 19.

Further raising investor concern is Friday's news that Japan's Ministry of Internal Affairs and Communications is considering taking action against SoftBank for the service failure.   

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