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September 18, 2023
Arm: Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence. Thats after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters.
September 18, 2023
Arm shares fell 5.3% to $57.50, after rising as high as $69 on Friday, its second day of trading. Some 29,000 Arm options contracts changed hands by 11:45 a.m. (1545 GMT) on Monday, the first day options were available for trading, with volume projected to hit 63,000 by the end of the day, according to options analytics service Trade Alert.
September 15, 2023
In addition to raising $5 billion in new capital, the listing gives the British chip designer a market value of $54.5 billion.
September 15, 2023
The following are some of the other SoftBank-backed firms looking for a public market listing.
August 23, 2023
The IPO market is very sensitive to the sentiment of investors for taking on risk, and the market has been running hot and cold since the Covid pandemic led to a halt in operations.
August 23, 2023
Arm: The IPO market is very sensitive to the sentiment of investors for taking on risk, and the market has been running hot and cold since the Covid pandemic led to a halt in operations.