Business & FinanceDealsTechnology

Reuters was first to report that is in talks to join other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO). Amazon’s potential involvement in the IPO, which had not previously been reported, underscores Arm’s significance in cloud computing.

Market Impact

Arm plans to list on the Nasdaq in early September, according to sources. The company is seeking to raise $8 billion to $10 billion, Reuters has reported. The IPO is expected to be a much-needed boon for SoftBank, which is battling to turn around its massive Vision Fund, after many of its bets on technology startups soured.

Article Tags

Topics of Interest: Business & FinanceDealsTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

Source link


Please enter your comment!
Please enter your name here