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Arm's IPO: A Resurgence In IPO Market Or Exception To The Rule?
Tuesday, August 22, 2023 - 1:40pm | 757Arm Ltd, a British chip designer backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), on Monday filed for its highly anticipated initial public offering with valuations estimated between $60 billion and $70 billion. Arm's IPO is significant when viewed against the backdrop of a year characterized...
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SoftBank-Owned Chipmaker Arm Shrugs Off US IPO Downturn, Sets Stage For Nasdaq Debut
Sunday, April 30, 2023 - 9:57pm | 440SoftBank Group Corp. (OTC:SFTBY) owned chipmaker Arm Ltd has made a confidential filing with the Securities and Exchange Commission for a listing on the markets in the U.S. What Happened: The Cambridge, United Kingdom-based company, plans to sell its shares on the Nasdaq later in 2023 and aims to...
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Arm China Fires CEO But He Refuses To Just Pack His Bags And Leave
Thursday, May 5, 2022 - 9:22am | 410Arm China — a Shanghai-based joint venture between Arm Ltd and Chinese private equity firm Hopu Investment — on Thursday said its former CEO Allen Wu was refusing to relinquish his role despite being fired last week. The company said it would overhaul the communication systems to...
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Nvidia Purchase Of Arm Faces UK Scrutiny
Tuesday, September 22, 2020 - 12:57am | 375Nvidia Corporation’s (NASDAQ: NVDA) purchase of British chipmaker Arm Ltd from SoftBank Group Corp (OTC: SFTBY) is under the scanner of the United Kingdom government, Reuters reported late Monday. What Happened: The U.K. Digital Minister Caroline Dinenage told lawmakers that Nvidia’s...
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Arm Cancels Plan To Spin off Internet Of Things Units To Parent SoftBank
Tuesday, August 25, 2020 - 3:53am | 424British chipmaker Arm Ltd will not spinoff two of its Internet of Things units to its parent company Softbank Group Corp (OTC: SFTBY), the Wall Street Journal reported Monday. What Happened: The two units — Treasure Data, which makes tools for its customers to...