NEW YORK :SoftBank Group Corp's chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said on Saturday, setting the stage for this year's largest initial public offering.
U.S. IPOs, excluding listings for special purpose acquisition companies, are down about 22 per cent to a total of just $2.35 billion year-to-date, according to Dealogic, as stock market volatility and economic uncertainty put many IPO hopefuls off. The sources cautioned that the exact timing and size of the IPO are subject to market conditions and asked not to be identified because the matter is confidential.There are signs that the IPO market is beginning to thaw. Johnson & Johnson Inc is preparing to list its consumer health business Kenvue Inc in New York next week, hoping to raise about $3.5 billion.
Since then, Arm's business has fared better than the broader chip industry thanks to its focus on data center servers and personal computers that generate higher royalty payments. The company said sales were up 28 per cent in its most recent quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-SoftBank's Arm registers for blockbuster US IPONEW YORK : SoftBank Group Corp's chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, people familiar with the matter said on Saturday, setting the stage for this year's largest initial public offering. While SoftBank had said in March it planned to list Arm in the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Pertamina Hulu Energi plans $1.4 billion Indonesian IPO with June debut -sourcesSYDNEY/SINGAPORE : The upstream arm of Indonesia's state energy company Pertamina, Pertamina Hulu Energi, plans to debut on the local bourse in June, after raising at least 20 trillion rupiah ($1.36 billion), two sources with direct knowledge of the matter told Reuters.The June timing of the initial publi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Southeast Asia's strong IPO markets an outlier as global deals fizzleSINGAPORE/SYDNEY : Southeast Asia is emerging as a global initial public offering (IPO) hotspot, with the region's elevated economic growth and stable interest rate outlook making it a standout as bigger financial centres struggle to attract major new share sales.With Indonesia, Thailand and Malaysia lead
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
EU proposes new copyright rules for generative AICompanies deploying generative AI tools will have to disclose any copyrighted material used to develop their systems. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
New 2023 property cooling measures: Will 60% foreigner ABSD really affect Singapore's property market?A new set of cooling measures is upon us, and as has been typical for the past few – it was announced at a time close to midnight so that no one has any time to react. So the big news. ABSD rates have increased again, a move that’s not entirely unexpected given the still soaring home prices. What’s unusual...
Source: asiaonecom - 🏆 10. / 59 Read more »
EU proposes new copyright rules for generative AISTOCKHOLM - Companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems, according to an early EU agreement that could pave the way for the world's first comprehensive laws governing the technology. The European Commission began drafting the AI Act nearly two years ago to regulate the emerging technology, which...
Source: asiaonecom - 🏆 10. / 59 Read more »