SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion

Date:

August 18, 2023

SoftBank is now expected to sell fewer Arm shares in the initial public offering (IPO) and would likely be retaining a stake of as much as 90% in the company, according to the sources, adding that Arm’s capital raising from the IPO would be less than the range of $8 billion to $10 billion it was earlier planning

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