TECH - SoftBank Retains 90% Of Arm After IPO: Haas Son Discuss China Dynamics | Benzinga
Arm Holdings PLC (NASDAQ: ARM) is the talk of the Street Thursday, issuing its initial public offering valued at $54.5 billion, making it 2023's largest IPO.
The semiconductor company, crucial for Nvidia Corp’s (NASDAQ: NVDA) GPUs to facilitate artificial intelligence operations, was acquired by SoftBank Group Corp - ADR (OTCMKTS: SFTBY) in 2016 for $32 billion.
SoftBank chose to retain 90% of the company, releasing 10% of its shares to public investors at the upper limit of the IPO price range, $51 ...