SoftBank's Arm Makes Strong Stock Market Debut
New York, Sept. 14 (Jiji Press)--Shares of British chip designer Arm Holdings PLC, a unit of Japanese technology investor SoftBank Group Corp., jumped 25 pct above their initial price at their debut on the U.S. Nasdaq stock market Thursday.
The stock opened 10 pct higher than its initial public offering price and closed at 63.59 dollars. Its valuation based on the closing price surpassed 9 trillion yen, making it the largest IPO so far this year.
(2023/09/15-08:19)
To read a full story, please click here to find out how to subscribe.
BUSINESS
- 09/23 18:17 Mitsui to Acquire Stake in Taiwan Offshore Wind Power Project
- 09/23 17:27 Toshiba Opens Quantum Technology Hub in Cambridge
- 09/22 18:43 INTERVIEW: Union Chief Pessimistic about Sogo & Seibu Turnaround
- 09/21 22:48 More Japan Firms Severing Ties with Johnny's
- 09/21 21:16 (Update) Tender Offer for Toshiba Succeeds
- 09/21 17:55 INTERVIEW: U.S. Asset Manager Urges Japan to Boost Shareholder Value
- 09/21 14:43 Tender Offer for Toshiba Succeeds
- 09/21 14:00 Tokyo Game Show Opens with Record Exhibitors
- 09/21 00:59 (Update) Tender Offer for Toshiba to End in Success
- 09/20 23:05 Tender Offer for Toshiba to End in Success
- 09/20 19:57 Lotteria Opens New "Zetteria" Burger Restaurant in Tokyo
- 09/20 10:30 Human Rights Concerns Prompt Many Firms to Pull Johnny's Ads
- 09/19 22:33 Nintendo to Display Super Mario Images in Kyoto Underground Passage
- 09/19 16:49 Toyota Shows Off Test Line to Mass-Manufacture Next-Gen EVs
- 09/17 09:45 JFE Steel Shuts Last Blast Furnace at Keihin District
