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

SoftBank Group Corp. is reportedly planning to list its Arm chip design unit in an IPO in mid-to-late September. The market capitalization at the listing is expected to be over $60 billion. Tech giants Apple, Intel, Nvidia, and Samsung are said to be investing in Arm immediately after its listing. SoftBank currently owns 75% of Arm shares, with the remainder held by the SoftBank Vision Fund, which plans to sell 10-15% of its stake.

Portfolio Pulse from Shanthi Rexaline

August 08, 2023 | 1:00 pm

Apple Inc. and Samsung Electronics Co. are planning to invest in Arm Ltd. as the semiconductor company prepares for an initial public offering (IPO) in September. The investment is expected to strengthen the companies' relationships with Arm and secure their access to its chip designs.

Portfolio Pulse from Charles Gross

August 08, 2023 | 10:06 am

SoftBank Group Corp reported a Q1 FY23 net sales decline of 0.9% Y/Y to ¥1.56 trillion. The company reported a net loss attributable of ¥(477.6) billion, which narrowed from the loss of ¥(3.16) trillion in the previous year. The company reported an investment loss of ¥689.7 billion due to a decline in the share prices of Alibaba Group Holding Ltd, Deutsche Telekom AG, and T-Mobile US Inc. The Vision Fund unit booked an investment gain at SoftBank Vision Funds of about ¥159.8 billion ($1.1 billion) in Q1 FY23.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 9:59 am

Softbank reported a net loss of ¥477.62B for Q1, significantly below the estimated profit of ¥73.02B.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 6:25 am

Softbank-backed British chip designer Arm Ltd is planning an initial public offering (IPO) at a valuation of $60 billion - $70 billion by September, reflecting its optimistic outlook on artificial intelligence chips. The company aims to raise $10 billion in the IPO. Nvidia Corp and Intel Corp have engaged in preliminary talks to become anchor investors in the IPO. Amazon.com Inc has adopted Arm-based chips for its Amazon Web Services.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:12 am

SoftBank Group Corp. and Symbotic Inc. have announced the establishment of a joint venture, GreenBox Systems LLC, to address the $5001 billion annual warehouse-as-a-service market. Symbotic also announced a $7.5 billion new customer contract with GreenBox, who will be the exclusive provider of Symbotic systems in the warehouse-as-a-service market. Symbotic expects over $500 million in annual recurring revenue from GreenBox once all systems are operational.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:07 am

Neumora Therapeutics, backed by Softbank Group Corp and Amgen Inc, has announced plans for three Phase 3 studies for its major depressive disorder (MDD) candidate Navacaprant. The studies will evaluate the once-daily navacaprant oral monotherapy for MDD, with the first trial expected to start in 3Q23. The announcement follows the successful completion of a Phase 2 study with navacaprant, which showed promising results in reducing symptoms of depression.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 6:24 pm

Nvidia Corp (NVDA) stock is trading higher amid reports of its plans to secure a long-term stake in the Softbank Group Corp (SFTBF, SFTBY) backed British chip designer Arm IPO. Truist analyst William Stein reiterated a Buy rating on Nvidia and raised the price target to $545 from $470. Stein raised his NVDA data center's end market revenue growth expectations for 2Q23 and several future quarters. NVDA management has highlighted recent capacity investments to support a much stronger second-half revenue outcome.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 1:50 pm

SoftBank Group Corp is considering a US IPO for its PayPay payments business. The timing is unclear as PayPay, which reported an EBITDA loss of 11.9 billion yen in the year ended March, needs to demonstrate a path to profitability. This would be the second SoftBank company's listing on the US stock market after Arm Ltd. SFTBF shares closed lower by 1.44% at $47.83 on Tuesday.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 9:58 am

Nvidia is reportedly in talks to become an anchor investor in Arm's IPO, according to the Financial Times. This comes after Nvidia's failed attempt to acquire Arm from SoftBank.

Portfolio Pulse from Charles Gross

July 12, 2023 | 8:57 am

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