Streetbeat News

SFTBY

SoftBank Group Corp.

https://group.softbank/

Open

27.68

Mkt cap

81B

Volume

25K

High

28.00

P/E Ratio

5.86

52-wk high

37.19

Low

27.68

Div yield

0.01

52-wk low

19.24

Arm Holdings, backed by SoftBank, has launched its roadshow for its IPO, aiming for a valuation of up to $52 billion. The roadshow started in Baltimore, the headquarters of T. Rowe Price, which has been a key player in significant IPOs. SoftBank plans to offer 95.5 million American depository shares of Arm for $47 - $51 each. Arm has secured Apple, Nvidia, and Alphabet as cornerstone investors in its IPO. The market will closely watch the IPO for how Arm manages its relationship with its China business amid ongoing technology tensions.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 12:52 pm

Apple Inc has signed a long-term deal with British chip designer Arm Ltd for chip technology that extends beyond 2040. Arm, backed by Softbank Group Corp, plans a $52 billion U.S. IPO in 2023. Apple uses Arm's technology to design custom chips for its devices. Taiwan Semiconductor Manufacturing Company Ltd, a leading contract chip maker and Apple supplier, is considering investing in Arm's IPO.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 12:31 pm

C&S Wholesale Grocers and SoftBank Group are reportedly close to a deal to buy stores from Kroger Co and Albertsons Companies Inc. The news was reported by Reuters late Tuesday.

Portfolio Pulse from Charles Gross

September 06, 2023 | 10:35 am

Nvidia Corp is trading lower in line with the broader indexes. The semiconductor space is active with Arm Ltd eyeing a $50 billion - $54 billion valuation for its U.S. IPO, China launching a war chest against U.S. semiconductor sanctions, and Nvidia CEO meeting with Indian Prime Minister. Nvidia, Apple, and other tech giants are anchor investors in Arm's IPO. China is preparing to launch a new state-backed investment fund for its semiconductor sector, which Nvidia might miss due to U.S. sanctions. Speculations are rife about Nvidia setting up a GPU and AI chip factory in India.

Portfolio Pulse from Anusuya Lahiri

September 05, 2023 | 1:36 pm

Softbank has filed an amended F-1 for the IPO of ARM, pricing 95.5M ADS at $47 to $51 per ADS. Several major tech companies including AMD, Apple, Cadence Design Systems, Google, Intel, Nvidia, Samsung, Synopsys, and TSMC have indicated an interest in purchasing up to $735M of ADSs.

Portfolio Pulse from Charles Gross

September 05, 2023 | 10:54 am

Arm Holdings, a chip designer under SoftBank Group, is preparing for its IPO next week with a potential valuation of $50-$54 billion. The company's share price is expected to be between $47 and $51, which could result in an offering of $5-$5.4 billion. This valuation is lower than the $64 billion at which SoftBank recently acquired its 25% stake in the firm. Major companies including Apple, NVIDIA, Alphabet, AMD, Intel, Samsung, Cadence Design Systems, and Synopsys have shown interest in the IPO.

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 4:30 pm

SoftBank Group Corp is planning a specialized AI tour for founders of its Indian startups in Silicon Valley in September. The initiative aims to expose these founders to global AI leaders, potentially facilitating collaborations and advancing technological advancements. SoftBank is also considering making chip designer Arm Holdings Ltd public, with an expected valuation of $60 billion - $70 billion. The company has a cash reserve exceeding $40 billion and has invested over $140 billion into startups since 2017, primarily focusing on AI's potential.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 12:05 pm

WeWork Inc (NYSE:WE) is on the brink of bankruptcy, with its stock plunging 99% since its public listing in October 2021. Creditors, including BlackRock Inc (NYSE:BLK), King Street Capital, and Brigade Capital, are considering a bankruptcy filing for the company. The potential bankruptcy could allow WeWork to exit some of its costly commercial real estate leases and may result in creditors taking control of the company. WeWork's major shareholder, SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF), could be significantly impacted if bankruptcy nullifies WeWork's publicly traded stock.

Portfolio Pulse from Vandana Singh

August 25, 2023 | 11:56 am

British chip designer Arm Ltd, backed by SoftBank Group Corp, has filed for an IPO with valuations estimated between $60 billion and $70 billion. This comes amidst a year of reduced IPOs and after a failed deal to sell the company to Nvidia Corporation due to antitrust concerns. Despite a marginal decrease in revenue and net income for the fiscal year ending this March, Arm's overall profitability and market standing remain strong. The IPO could potentially signal a resurgence in the IPO market, but experts urge caution due to Arm's unique position in the market.

Portfolio Pulse from AJ Fabino

August 22, 2023 | 5:40 pm

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'.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:29 pm

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