https://www.cnbc.com/2019/09/24/softbank-has-a-multi-million-dollar-protection-in-weworks-ipo.html https://www.cnbc.com/2019/09/24/softbank-has-a-multi-million.

https://www.cnbc.com/2019/09/24/softbank-has-a-multi-million-dollar-protection-in-weworks-ipo.html https://www.cnbc.com/2019/09/24/softbank-has-a-multi-million... "But because SoftBank’s latest round was so large and the possible down-round was looking to be less than half of that, the provision was expected to result in the world’s largest IPO ratchet." Relative to Softbank's total investment, it's not a huge percentage, but relative to the amount expected to be raised in an IPO it certainly is.