(Reuters) - SoftBank Group's Arm Holdings soared almost 25% above its Nasdaq debut price on Thursday, valuing the company at $65 billion. The following ...
- SoftBank Group's Arm Holdings soared almost 25% above its Nasdaq debut price on Thursday, valuing the company at $65 billion.Sales totaled $2.68 billion in the 12 months to the end of March, little changed from $2.7 billion in the prior period due to weak demand for mobile phones during a global economic slowdown.
By geography, the United States is the biggest market and generated 41% of its revenue in the last fiscal year, followed by China which accounted for 25%.Arm China is an independent entity that has exclusive rights to distribute Arm's technology in the country. That makes Arm China, not better-known names like Apple or Qualcomm, Arm's largest customer.
Beyond these internal issues, U.S. sanctions limiting sales to China along with rising competition in the Chinese market cast doubt on Arm China's long-term trajectory.Prior to the offering, Arm signed up many of its major clients as cornerstone investors, including Apple, Nvidia, Alphabet, TSMC, Advanced Micro Devices, Intel and Samsung Electronics.
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Factbox-SoftBank's Arm by the numbersArm's designs are used by more than 260 technology companies to make over 30 billion chips annually, powering 99% of the world’s smartphones and everything from the tiniest of sensors to the most powerful supercomputers. Arm says it has a 10% share in cloud computing chips, 41% in automotive chips, 25.5% in networking and 64.5% in Internet of Things. Arm China is an independent entity that has exclusive rights to distribute Arm's technology in the country.
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SoftBank's Arm discusses pricing IPO at $52 per share-sourceNEW YORK (Reuters) - SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per ...
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Exclusive-SoftBank's Arm prices IPO at $51 per share-sourcesBy Echo Wang and Anirban Sen NEW YORK (Reuters) - SoftBank Group Corp's chip designer Arm Holdings Plc priced its U.S. initial public offering (IPO) at ...
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How SoftBank played it safe in pricing Arm's IPOBy Echo Wang and Anirban Sen (Reuters) - SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in ...
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How SoftBank played it safe in pricing Arm's IPOSoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings. 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. But the bankers, who had huddled at the offices of SoftBank's financial advisor Raine Group, argued it was better to leave the additional $1 per share -- equivalent to about $1 billion in value -- on the table.
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How SoftBank played it safe in pricing Arm’s IPOBlockbuster listing could’ve have been priced higher
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