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SoftBank shares rise in Tokyo after Arm’s strong market debut

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SoftBank Group shares rose Friday morning in Tokyo after chip designer Arm surged in its Nasdaq debut overnight, raising hopes for a recovery in the IPO market.

Shares of SoftBank 9984, +1.94%, which took Arm private in 2016, jumped as much as 5.1% early in the session and were recently up 2.4% at 6,737 yen.

Arm’s offering, the biggest in the U.S. since Rivian Automotive made its debut in November 2021, raised around $5 billion for SoftBank.

 

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SoftBank Group Shares Rise After Arm's Strong Market DebutBy Kosaku Narioka SoftBank Group shares rose Friday morning in Tokyo after chip designer Arm surged in its Nasdaq debut overnight, raising hopes for a...
Source: MarketWatch - 🏆 3. / 97 Read more »