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How SoftBank played it safe in pricing Arm's IPO

September 14, 2023
Source: reuters.com reuters.com
News Snapshot:
A smartphone with a displayed Arm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Sept 14 (Reuters) - SoftBank Group (9984.T) CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings (ARM.O). Arm's blockbuster initial public offering (IPO) was oversubscribed by 12 times, and could have been priced at $52 per share, above the indicated range of $47 to $51, people familiar with...
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China Tech Buzz Topics: agreement | Antitrust | ARM | artificial intelligence | bank | Business | California | capital | cash | CEO | China | chip | computer | data | Didi | finance | financial | fund | initial public offering | investment | investor | ipo | IT | Japan | Japanese

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