Softbank Group's Arm IPO reaches a substantial valuation of $54.5 bln as it re-enters the stock market with the most anticipated offering.
Chip Designer
SoftBank aims for an Arm IPO of more than $52 billion, the chip designer said as it begins marketing for the biggest 2023 US market flotation.
Arm, the chip designer owned by Japan’s SoftBank, said on Friday it would pursue a U.S.-only listing this year, dashing the British government’s hopes that the tech giant would return to the London stock market. The company did not completely rule out an eventual London listing, saying it intended to consider a subsequent IPO there […]