Softbank-Backed Arm Files F-1 Document With U.S. SEC; Arm Ltd Have Applied To List Our Adss On The Nasdaq Global Select Market Under The Symbol "ARM"
Portfolio Pulse from Benzinga Newsdesk
Arm Ltd, backed by Softbank, has filed an F-1 document with the U.S. SEC, applying to list its American Depositary Shares (ADSS) on the Nasdaq Global Select Market under the symbol 'ARM'.
August 21, 2023 | 8:29 pm
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Softbank, as the backer of Arm Ltd, may see a potential impact on its stock price due to Arm's application to list on the Nasdaq.
As the backer of Arm Ltd, Softbank's stock price could potentially be influenced by Arm's move to list on the Nasdaq. If the listing is successful and well-received by the market, it could positively impact Softbank's stock price in the short term.
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