| Reuters was first to report that Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is seeking to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year. Arm is expected to confidentially submit paperwork for its initial public offering in late April. |
Business & FinanceDealsTechnology
Reuters was first to report that SoftBank’s Arm aims to raise at least $8 billion in U.S. IPO
06 March 2023, 1:59 pm 1 minute
Market Impact
This is expected to be the most high-profile stock market flotation in recent years. A successful listing for Arm this year would provide a boost to the IPO market, which has been largely frozen since Russia’s invasion of Ukraine in February 2022 triggered market volatility and a huge sell-off in tech stocks.
Article Tags
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: AmericasGlobal
Countries: JapanUKUnited States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
