Friday, 24 March, 2023

SoftBank's Arm aims to raise $8 billion in US IPO

<p>SoftBank&#39;s chip-designing subsidiary Arm Holdings is planning to raise at least $8 billion through an initial public offering (IPO) in the US. The IPO is expected to be one of the largest in the tech industry and would provide a significant cash infusion for SoftBank as it seeks to expand its investments in the sector. SoftBank acquired Arm in 2016 for $32 billion.&nbsp;The IPO could take place as early as this year.</p>