Revolut comes one step closer to UK licence after entering deal with SoftBank October 4, 2023 Fintech Revolut has moved one step closer to securing a UK banking license, as it signed a share deal with its Japanese investor SoftBank to break down a major barrier. The Bank of England ordered Revolut to collapse its six classes of shares into one as a requirement for a full licence, the Financial Times [...]
Can British chipmaker Arm lift the shutters on the global IPO market? September 14, 2023 Investors are hoping Arm's float may signal the start of a revival for the global IPO market (pictured: Masayoshi Son, chief of Arm owner Softbank)
Arm: Chip firm expecting to close IPO at top of $50bn-plus range September 11, 2023 British chip designer Arm is reportedly set to hit the upper range of its valuation target as the year's biggest IPO creeps towards completion.
SoftBank aiming to buy back Arm stake ahead of high-stakes New York IPO August 14, 2023 SoftBank is reportedly in talks to buy back the remaining 25 per cent stake in Cambridge-based chip designer Arm its own investment unit established in 2017. In a strategic move ahead of Arm’s impending float in New York, Japanese tech company SoftBank is looking to regain Vision Fund’s quarter stake in order to fully own [...]
Softbank boss says it’s time to ‘shift to offence mode’ in AI push June 21, 2023 Softbank is planning to scale up its investment activity according to boss Masayoshi Son, who said the firm is going on the offensive. At the Japanese company’s annual general meeting today, billionaire Son said it was time to “shift to offence mode” as the group prepares to capitalise on rapidly developing AI technologies. Recently, chief [...]
SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
SoftBank’s Vision Fund loses £4.6bn as tech rout continues February 7, 2023 Japanese investment giant Softbank swung into the red between October and December, driven down by heavy losses at its flagship Vision Fund. Softbank’s Vision Fund suffered the brunt of a global tech rout that has shaved billions from the value of the world’s largest tech firms. Vision Fund booked a loss on its investments of 730.4bn [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Chip designer Arm’s workforce nearly halves despite SoftBank promise October 4, 2022 British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
SoftBank executive steps back from key roles after record losses August 31, 2022 SoftBank’s executive Rajeev Misra has stepped down from his roles as corporate officer and executive vice president as the investment giant reels from record losses this year.