Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Nissan Is Laying Off 20,000 Workers In the Next Two Years

May 14, 2025

Former Trader Joe’s Employee Grew Her Side Hustle to $20M

May 14, 2025

$100 Million Deli Fraudster Sentenced to Prison

May 14, 2025
Facebook Twitter Instagram
Trending
  • Nissan Is Laying Off 20,000 Workers In the Next Two Years
  • Former Trader Joe’s Employee Grew Her Side Hustle to $20M
  • $100 Million Deli Fraudster Sentenced to Prison
  • The Secrets to Success for Alexander’s Patisserie
  • The Mistakes We Don’t Know We’re Making
  • Trump Administration to Start Garnishing Wages for Defaulted Student Loan Borrowers
  • How to Answer Interview Questions About Career Goals
  • 9 Sneaky Budget Fixes the Rich Swear By
Wednesday, May 14
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » SoftBank rises as chip unit Arm files for Nasdaq IPO
Investing

SoftBank rises as chip unit Arm files for Nasdaq IPO

News RoomBy News RoomAugust 22, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters.

Investing.com — Shares of Japanese technology conglomerate SoftBank Group Corp (TYO:) rose on Tuesday after its unit, chip designer Arm, filed for a long-awaited initial public offering (IPO) on the Nasdaq.

Arm said on late-Monday that it had publicly filed a registration with the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq Global Select Market, although the firm did not specify how many shares will be issued and at what valuation.

The move comes after several delays in SoftBank’s plans to list the firm, following the implosion of the $40 billion Arm sale to Nvidia (NASDAQ:), over antitrust concerns.

SoftBank (OTC:) had repeatedly delayed the listing, and had only recently provided a timeline on the matter, as the Japanese tech giant seeks to capitalize on a boom in artificial intelligence development in the coming years.

Arm is expected to benefit from this boom, given that its designs are used in chips by several major tech giants including Apple Inc (NASDAQ:) and Nvidia. The firm receives royalties from every chip sold by its customers.

SoftBank’s shares rose as much as 3%, also helping spur a 0.7% gain in the . Arm’s listing heralds a shot in the arm for the tech giant, which has been otherwise struggling with a sharp drop in the valuations of its tech holdings over the past year.

SoftBank clocked six straight quarters of losses as rising interest rates battered the value of its tech holdings. Arm had remained among the few bright spots in SoftBank’s portfolio, although the chip designer also swung to a loss in the second quarter.

Arm’s listing comes at a time when several major chipmakers have warned of a cyclical downturn for the industry, with chipmaking giant Taiwan Semiconductor Manufacturing (NYSE:) recently warning that a boom in AI demand may be insufficient to offset a broader decline.

Still, the firm’s listing is expected to provide SoftBank with more capital. Recent Reuters reports said that SoftBank plans to sell about 10% of Arm’s shares in the planned IPO, and that it is seeking a valuation of between $60 billion and $70B for the unit.

SoftBank also recently bought back a 25% stake in Arm from its Saudi-backed Vision Fund.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Nissan Is Laying Off 20,000 Workers In the Next Two Years

Make Money May 14, 2025

Former Trader Joe’s Employee Grew Her Side Hustle to $20M

Investing May 14, 2025

$100 Million Deli Fraudster Sentenced to Prison

Make Money May 14, 2025

The Secrets to Success for Alexander’s Patisserie

Make Money May 14, 2025

Trump Administration to Start Garnishing Wages for Defaulted Student Loan Borrowers

Burrow May 13, 2025

How to Answer Interview Questions About Career Goals

Make Money May 13, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Former Trader Joe’s Employee Grew Her Side Hustle to $20M

May 14, 20250 Views

$100 Million Deli Fraudster Sentenced to Prison

May 14, 20250 Views

The Secrets to Success for Alexander’s Patisserie

May 14, 20250 Views

The Mistakes We Don’t Know We’re Making

May 13, 20250 Views
Don't Miss

Trump Administration to Start Garnishing Wages for Defaulted Student Loan Borrowers

By News RoomMay 13, 2025

Damir Khabirov / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article,…

How to Answer Interview Questions About Career Goals

May 13, 2025

9 Sneaky Budget Fixes the Rich Swear By

May 13, 2025

9 Rules Every Savvy Saver Breaks About Saving Some Money

May 13, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Nissan Is Laying Off 20,000 Workers In the Next Two Years

May 14, 2025

Former Trader Joe’s Employee Grew Her Side Hustle to $20M

May 14, 2025

$100 Million Deli Fraudster Sentenced to Prison

May 14, 2025
Most Popular

American Eagle’s stock takes flight after Wall Street’s biggest bear says its time to stop selling

November 16, 20232 Views

Is Freecash.com Legit? My Honest Review

June 17, 20241 Views

Nissan Is Laying Off 20,000 Workers In the Next Two Years

May 14, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.