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Does highly anticipated IPO of Arm Ltd, a British chip designer backed by SoftBank Group Corp, mean more are on the horizon?
The upcoming listing of semiconductor technology firm Arm Holdings Ltd is supposed to be strong medicine for what has been ailing the U.S. IPO market, as well as provide a shot in the arm for Arm...
(Reuters) -The upcoming listing of semiconductor technology firm Arm Holdings Ltd is supposed to be strong medicine for what has been ailing the U.S. IPO market, as well as provide a shot in the arm for Arm owner Softbank Group Corp. Almost a quarter of Arm's revenue comes from an entity it does not control but nonetheless relies on to access China's massive smartphone market. Scattered throughout the hundreds of pages of Arm's prospectus are details of the company's labyrinthine relationship with China, its second-largest market.
Bonds have also been hit with interest rates on the benchmark 10 year ticking higher to close last week just shy of 4.25%.
By Josh Beckerman Chip designer Arm Holdings has filed paperwork for its highly anticipated initial public offering. The Wall Street Journal recently reported that SoftBank Group bought a...