Arm IPO: Yet even with this lower valuation, SoftBank fares better than its $40 billion deal to sell Arm to Nvidia Corp, which it abandoned last year amid opposition from antitrust regulators.
SoftBank s chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected to be the biggest test for the U.S. IPO market after a drought that lasted for nearly 16 months.
Databricks’ billionaire CEO Ali Ghodsi said the company is paying close attention to the September IPOs of Arm and Instacart but his AI-focused firm won’t be among the “first movers” in the newly resurrected IPO market.
SEPT 14 SoftBank's Arm Holdings was set to fetch a valuation of up to US$64.1 billion in its Nasdaq debut on Thursday, as shares of the chip designer were set to blow past.