OakNorth is leaning towards the United States for a prospective stock market listing, as the British bank considers ways to grow in the world’s largest economy, including securing a local U.S. financial licence, chief executive Rishi Khosla told Reuters. The prospect of a U.S. listing for one of Britain’s biggest and most successful financial technology […]
Softbank
Arm, the chip designer owned by Japan’s SoftBank, said on Friday it would pursue a U.S.-only listing this year, dashing the British government’s hopes that the tech giant would return to the London stock market. The company did not completely rule out an eventual London listing, saying it intended to consider a subsequent IPO there […]
SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many […]
Shares in Japan’s SoftBank Group Corp plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13 percent in early afternoon trade – heading for their biggest one-day loss in more than two and a half years. Analysts said, however, that […]
Alphabet Inc’s Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030. Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability goals. The $430-billion Inflation Reduction […]
SoftBank Group Corp founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d like to talk with Samsung about a strategic […]
SoftBank Group Corp founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d like to talk with Samsung about a strategic […]
Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential. With the technology investor poised to post full-year earnings, comments from founder and Chief Executive Masayoshi Son […]
SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option left for the Japanese group after the collapse of its blockbuster sale to Nvidia. Arm, whose technology underpins the global smartphone industry, is most likely to float on the Nasdaq, SoftBank’s CEO said, […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]