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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

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    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

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    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

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Dow Jones Newswires: SoftBank shares rise in Tokyo after Arm’s strong market debut

September 15, 2023
in Business
Dow Jones Newswires: 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,
+2.52%,
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.

The British chip designer’s stock
ARM,
+24.69%
closed up 25% from its initial public offering price of $63.59 on Thursday in New York.

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

SoftBank’s tech funds have stakes in hundreds of private companies. The company recently said it wants to renew its push for large-scale investments in artificial intelligence.

SoftBank posted a net loss of Y970.14 billion ($6.58 billion) for the fiscal year ended March as the valuation of tech companies was hit by concerns about policy tightening by global central banks. The company posted net loss of Y477.62 billion for its first quarter ended June.

SoftBank sold 10% of its Arm shares in the IPO. Arm is now valued at nearly $69 billion on a fully diluted basis, well above the roughly $32 billion SoftBank acquired it for in 2016.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MarketWatch – http://www.marketwatch.com/news/story.asp?guid=%7B20C0C4D5-7425-4434-F126-6607C174F7EA%7D&siteid=rss&rss=1

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July 11, 2025

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