Amazon is in talks to become an anchor investor in Arm ahead of the IPO

corporate financeOfferstechnology

Aug 9, 2023 at 5:23 p.m 1 minute

Reuters was report first that Amazon.com is in pre-IPO talks to join with other technology companies as cornerstones of SoftBank Group Corp.’s Arm Ltd. to become. Amazon’s potential involvement in the IPO, which was not previously reported, underscores Arm’s importance in cloud computing.

Impact on the market

According to sources, Arm plans to list on the Nasdaq in early September. The company is aiming for an increase 8 billion dollars To $10 billion, Reuters has reported. The IPO is expected to be a much-needed boon for SoftBank, which is struggling to get its massive Vision Fund back on its feet after many of its bets on tech startups failed.

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Interesting topics: corporate financeOfferstechnology

Type: Reuters best

Sectors: corporate financetechnology

Regions: America

Countries: United States

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