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Shares in the British chip designer Arm will be listed Thursday on New York's Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market.
Arm's logo seen in Taipei in May 2019 - Copyright AFP Ben STANSALLThomas URBAINShares in the British chip designer Arm will be listed Thursday on New York’s Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market. SoftBank, a Japanese investment […]
British chip designer Arm is set to make its debut Thursday on the New York Stock Exchange, the biggest IPO in nearly two years. The operation was initiated by this Japanese investment company, decided to list Arm, reference in microprocessor design, whose models are integrated into 99% of smartphones in the world. By selling, on the market, about 10% of the capital of the technological flagship of Cambridge (England), SoftBank hopes to recover between 4.5 and 5.2 billion dollars.
Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned...
Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed. Since Arm, owned by Japan's SoftBank Group's, is not well-known among consumers, it is focusing its IPO marketing efforts on institutional investors, people familiar w...