Investing
SoftBank’s Arm set to debut on Nasdaq after blockbuster IPO
© Reuters. FILE PHOTO: A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – SoftBank (TYO:)’s chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected to be the biggest test for the U.S. IPO market after a drought that lasted for nearly 16 months.
Arm priced its offering of 95.5 million American Depositary shares at $51 apiece, fetching $4.87 billion for SoftBank at a valuation of $54.5 billion, with participation from cornerstone investors including Apple (NASDAQ:), Intel (NASDAQ:) and Alphabet (NASDAQ:). Hopes of a revival in the IPO market largely depend on the success of the high-profile listings of Arm and other marquee startups, including grocery delivery firm Instacart and marketing firm Klaviyo.
Barclays, Goldman Sachs, JPMorgan Chase (NYSE:) and Mizuho Financial Group are the lead underwriters.
Read the full article here
The Future of Farming is Here
I’m Living Through the California Wildfires — Here’s How Every Business Can Prepare For a Natural Disaster
Achieve Your Goals Faster With This Meditation App, Now 50% Off
Train for a New Tech Career in 2025 With This $25 Course Bundle
TikTok restores service, thanks Trump By Reuters
Why the Best CEOs Think Like Anthropologists
LA Rental Prices Skyrocketing Despite Price Gouging Laws
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
How to Craft Marketing Campaigns That Reach Multiple Generations
What to Do If TikTok is Banned — How to Protect Your Brand
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles3 days agoWhy the Best CEOs Think Like Anthropologists
-
Side Hustles6 days agoLA Rental Prices Skyrocketing Despite Price Gouging Laws
-
Make Money4 days agoEarn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles6 days agoHow to Craft Marketing Campaigns That Reach Multiple Generations
-
Side Hustles4 days agoWhat to Do If TikTok is Banned — How to Protect Your Brand
-
Make Money5 days agoBuild Your Future: 5 Simple Steps to Financial Stability
-
Side Hustles4 days ago10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Side Hustles5 days agoMeta Is Laying Off 5% of Its Workforce: Read the Memo