Arm IPO bankers will struggle to tell growth story

Arm said on April 29 that its Chinese joint venture had replaced its Chief Executive Allen Wu. Wu said the change had “major legal flaws”.

Since 2020, Wu has refused to step down and continued to control the company, complicating Arm’s planned initial public offering. Arm’s owner SoftBank Group is seeking a valuation of at least $60 billion in Arm’s IPO, according to a Bloomberg report on March 24. SoftBank chairman and Chief Executive Masayoshi Son said he plans to take Arm public in what would be “the largest IPO in semiconductor history”, after a deal to sell it to U.S. chipmaker Nvidia was scrapped in February over regulatory pushback. The Japanese conglomerate aims to list Arm by the end of March 2023.A journalist raises her hand to ask a question to Japan's SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook Parent Meta Posts Slowest Revenue Growth Since IPOFacebook parent Meta reported its slowest sales growth since going public, as the company navigates growing competition for users and privacy headwinds in its advertising business 😂😂😂 Fuck Meta. They colaborate with Putler za informowanie i przekazywanie informacji z różnych źródeł o zbrodniach na Ukraine popierdolona Meta juz 3 razy mnie blokowała for informing and passing on information from various sources about crimes in Ukraine fucked up Meta has already blocked me 3 times
Source: WSJ - 🏆 98. / 63 Read more »

India’s IPO hubris takes a deserved beatingNew Delhi has had to slash the price of state-owned insurer LIC by some two-thirds after pushback from potential shareholders. That leaves the company valued at a big discount to rivals and is a blow to the government’s pride plus its coffers. But it’s a welcome dose of realism.
Source: Breakingviews - 🏆 470. / 51 Read more »

First non-crypto company issues 'pre-IPO' equity tokens on European Digital Assets ExchangeHCS Pharma, a French biotech, is launching tokens registered on the blockchain ahead of a full IPO in Frankfurt later this year. Progress
Source: TheBlock__ - 🏆 464. / 53 Read more »

Mark Zuckerberg says employee attrition will make Facebook betterInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. 😂😂🤣🤣 Then how did they get there in the first place?🤦🏼‍♀️ MetaGermany
Source: BusinessInsider - 🏆 729. / 51 Read more »