NVIDIA ARM IPO
Purplle’s Rs 1,000 crore funding; FirstCry, Unicommerce IPOs cleared
Omnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
SoftBank seen returning to loss in Q4 despite tech stock strength
SoftBank Group anticipates losses despite Arm Holdings' success, with potential new growth investments. The soaring Arm share price, driven by AI, doesn't directly impact SoftBank's profit. Other listed assets showed mixed performance, influencing SoftBank's financial outlook.
Arm's annual revenue forecast fails to impress investors; shares tumble
For the current fiscal first quarter, Arm forecast revenue in a range between $875 million and $925 million, with a midpoint of $900 million, compared with an average analyst estimate of $857.5 million, according to LSEG data.
Nvidia-backed startup Seurat hints at IPO after $99 million fundraise
The fundraise, co-led by Nvidia's NVentures and Capricorn's Technology Impact Fund, brought in new investors Honda Motor and Cubit Capital. Existing backers including Porsche, and venture capital units of Xerox Holdings and General Motors Co also participated.
Arm's stellar listing sets the stage for more SoftBank acquisitions
SoftBank Group's successful IPO of Arm Holdings has put the company in a position to resume its acquisition spree. Arm's shares surged 25% on its first day of trading, doubling SoftBank's initial acquisition price. The IPO will enable SoftBank to use Arm's shares as collateral, improve its credit rating, and take out margin loans. Analysts believe that SoftBank's timing for acquisitions is favorable due to depressed valuations and a lack of funding for early-stage startups.
SoftBank's Arm by the numbers
SoftBank Group's Arm Holdings soared almost 25% above its Nasdaq debut price on Thursday, valuing the company at $65 billion.
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SoftBank-owned Arm rises more than 10% in the year's biggest initial public offering
Arm's shares opened trading at $56.10, up 10% from its initial offering price of $51. Shares quickly rose above that, hitting $59.
Timeline: SoftBank-backed Arm's long march to $54.5 billion US listing
Last month, SoftBank signed a deal to buy the 25% stake it did not already own in Arm from its $100 billion Vision Fund, enabling it to sell fewer Arm shares in the IPO.
How SoftBank played it safe in pricing Arm's IPO
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 the matter said.
Chip designer Arm targets $52 billion valuation in year's largest IPO
British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the "ARM" ticker.
Arm to fetch at least $54.5 billion valuation in IPO
Reuters had reported on Sunday that this outcome was likely. After reviewing investor commitments on Tuesday, Arm decided it will only accept the top end of its indicated $47-to-$51-per-share range, or a price that is even higher, the source said.
TSMC to invest up to $100 million in Arm Holdings' IPO
TSMC's Chairman Mark Liu said last week that "Arm is an important element of our ecosystem, our technology and our customers' ecosystem. We want it to be successful, we want it to be healthy. That's the bottom line."
TSMC to invest up to $100 million in Arm Holdings' IPO
SoftBank Group's Arm Holdings, which launched the roadshow last week, aims to raise up to $4.87 billion in its US IPO, according to a regulatory filing
Jumping on Arm's blockbuster IPO could be a risky business for retail investors
While dabbling in individual stocks is a notoriously risky business for amateur investors, an analysis underscores just how perilous it can be to buy into blockbuster IPOs on Day One.
SoftBank’s Arm seeks $47 to $51 per share in IPO
Arm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor support to attain the fully diluted valuation of $54.5 billion it was seeking in its initial public offering (IPO) at the top of its indicated range, and is considering asking investors to value it higher, people familiar with the matter said on Sunday.
SoftBank's arm IPO six times oversubscribed: Sources
That price range values Arm at $50 billion to $54.5 billion on a fully diluted basis. This would represent a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from the $100 billion Vision Fund it manages.
SoftBank's Arm launches IPO courting T Rowe in $52 billion valuation ask
Arm disclosed the proposed range would value it at between $48 billion and $52 billion. It also revealed that it could issue some shares as compensation for its employees, taking its valuation, on a fully diluted basis, at up to $54.5 billion.
SoftBank's Arm launches IPO courting T Rowe in $52 billion valuation ask
SoftBank Group's Arm Holdings Ltd launched the roadshow for its blockbuster initial public offering (IPO) on Tuesday as the chip designer tries to convince investors it is worth as much as $52 billion in this year's biggest share sale.
SoftBank's Arm aims for over $52 billion valuation in biggest US IPO of the year
SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range, a regulatory filing showed on Tuesday.
SoftBank's Arm to ask for $47 to $51 per share in IPO
The price range, which has not been previously reported, would translate into a valuation for Arm of roughly between $50 billion and $54 billion, and an offering of $5 billion to $5.4 billion. It would make Arm the most valuable company to list in New York since electric car maker Rivian Automotive debuted in 2021.
Arm signs up Apple, Alphabet & other big tech firms for IPO at $50-55 billion valuation
While it is possible that demand for Arm's shares will lead to a higher valuation by the time the IPO prices, the move represents a climb-down from the $64 billion valuation at which SoftBank acquired the 25% stake in the company it did not already own from its $100 billion Vision Fund last month.
Arm prepares to meet investors ahead of blockbuster IPO
Arm Holdings Ltd plans to launch its roadshow for investors after Labor Day, as the chip designer prepares for its much-anticipated initial public offering (IPO) in September, according to people familiar with the matter.
Arm's clients turn IPO into tug of war for chip influence
Customers of Arm that have held talks about taking a piece of the IPO include Apple, Amazon.com, Intel, Nvidia, Alphabet, Microsoft , Samsung Electronics and TSMC, Reuters has reported. Arm is hoping for a valuation of up to $70 billion in the IPO, which will launch on the Nasdaq next month.
Arm IPO to put SoftBank's AI hard sell to the test
Since acquiring the chip designer in 2016, SoftBank CEO Masayoshi Son has positioned Arm as the tech investment conglomerate's crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI.
Apple and Samsung to invest in SoftBank's Arm at IPO: report
Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. The SoftBank-owned firm will officially apply to the US Securities and Exchange Commission for the listing later this month, the newspaper said.
Nvidia in talks to become anchor investor in Arm IPO
Talks are at an early stage, and Arm is not looking to sign any other commercial agreements beyond a financial infusion from investors, sources says. SoftBank had been planning to sell Arm to US chip designer Nvidia in a deal worth up to $80 billion, but that fell through last year due to objections from U.S. and European antitrust regulators. It has been targeting an IPO for the unit since then
Chip giant Nvidia in talks to be an anchor investor in Arm IPO: report
The two firms are negotiating over valuation, with Nvidia preferring a stake that would value the firm at between $35 billion and $40 billion
Intel in talks to be anchor investor in Arm IPO: report
Arm's designs are used to manufacture chips made by most of the world's major semiconductor companies, including Intel, AMD, Nvidia and Qualcomm. It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm's commercial relationships.
SoftBank's arm aims to raise at least $8 billion in US IPO, say sources
The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
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