Local start-up founders and investors are toasting a much-needed success, after shares in the British chipmaker rose sharply on its Nasdaq debut.
The listing is the largest in the United States for two years, and has been seen as one of a number of events that will indicate to the tech investors around the world that markets could be back open for business.
Arm has been owned by Softbank since 2016, when it acquired it for $US32 billion, and the successful IPO marks a much-needed win for the fund that had bought up the 25 per cent stake of Arm it did not directly own from its Vision Fund unit last month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peter Dutton has a record of deception ‘as long as your arm’: AlbanesePrime Minister Anthony Albanese says Opposition leader Peter Dutton has a record of deception “as long as your arm”. The Prime Minister was responding to Opposition leader Peter Dutton’s accusation suggesting the Labor government is failing in all aspects for Australia. “He speaks about our energy policy – well this is the guy who said that business leaders were complaining to him about our Safeguard Mechanism,” Mr Albanese said during Question Time on Wednesday. “When in fact, the business community, including the BCA said their members supported it. “He then went on to talk about energy policy while voting against relief, $3 billion of relief for Australian families.”
Read more »
UN expert warns NT Middle Arm project will raise risk of cancer, heart disease and asthmaA United Nations expert warns three major NT oil and gas projects will 'threaten to make Darwin and the region a climate change sacrifice zone'.
Read more »
SoftBank’s Arm jumps 10pc in market debutThe chip designer saw its valuation rise to near $93 billion in its return to the public markets after seven years.
Read more »
British parliamentary aide denies being a Chinese spyChris Cash, an employee at Britain’s parliament building, is being investigated by the UK police’s Counter Terrorism Command after claims surfaced that he is a Chinese spy.
Read more »
British parliamentary aide denies being a Chinese spyChris Cash, an employee at Britain’s parliament building, is being investigated by the UK police’s Counter Terrorism Command after claims surfaced that he is a Chinese spy.
Read more »
British parliamentary aide denies being a Chinese spyChris Cash, an employee at Britain’s parliament building, is being investigated by the UK police’s Counter Terrorism Command after claims surfaced that he is a Chinese spy.
Read more »