The chipmaker filed confidentially for a U.S. listing, and sources told Reuters it plans to raise between US$8 billion and US$10 billion on the Nasdaq. (Reuters)
Skip to content
The chipmaker filed confidentially for a U.S. listing, and sources told Reuters it plans to raise between US$8 billion and US$10 billion on the Nasdaq. (Reuters)
Talking point: Arm said the offering’s size and price range is not yet determined. The listing comes amid challenging market conditions that have seen the number of IPOs globally drop significantly. SoftBank previously tried to sell Arm to Nvidia for US$40 billion, but that deal fell through in February 2022 due to “significant regulatory challenges,” namely opposition from the U.S., U.K., EU and China. SoftBank then turned to the public markets instead. The planned IPO should help SoftBank, whose Vision Fund recently posted a US$27-billion loss for its last financial year. The Japanese conglomerate’s shares rose on news of the filing.
Correction: An earlier version of this briefing incorrectly identified the news source of the story.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
What Alberta’s corporate heavyweights really think about separation
Briefing
Alberta to submit West Coast pipeline proposal to the federal Major Projects Office this week
Magnificent Seven lost a combined US$2.2T in market value in June
Radical Ventures, Gomez, Hinton back Etched to build hardware to run AI
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
