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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. That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters.
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.
In addition to raising $5 billion in new capital, the listing gives the British chip designer a market value of $54.5 billion.
The following are some of the other SoftBank-backed firms looking for a public market listing.
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.