{"id":85655,"date":"2023-08-22T00:16:06","date_gmt":"2023-08-22T04:16:06","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85655"},"modified":"2023-08-22T00:15:44","modified_gmt":"2023-08-22T04:15:44","slug":"arm-files-for-nasdaq-listing-as-softbank-aims-to-sell-shares-in-chip-designer-it-bought-for-32-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/arm-files-for-nasdaq-listing-as-softbank-aims-to-sell-shares-in-chip-designer-it-bought-for-32-billion.html","title":{"rendered":"Arm files for Nasdaq listing, as SoftBank aims to sell shares in chip designer it bought for $32 billion"},"content":{"rendered":"\n<p>(CNBC) Arm, the chip designer <a href=\"https:\/\/www.cnbc.com\/2016\/07\/17\/softbank-poised-to-take-uks-arm-for-234-billion.html\">owned by Japan\u2019s SoftBank<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1973239\/000119312523216983\/d393891df1.htm\" target=\"_blank\">filed<\/a> for a Nasdaq listing on Monday, positioning itself to go public during a historically slow period for tech IPOs. The company wants to trade under the ticker symbol \u201cARM.\u201d Arm reported $524 million in net income on $2.68 billion in revenue in its fiscal 2023, which ended in March, according to the filing. Arm\u2019s 2023 revenue was slightly down from the company\u2019s 2022 sales of $2.7 billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/21\/arm-files-for-nasdaq-listing-as-softbank-sells-shares-in-chipmaker.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Arm, the chip designer owned by Japan\u2019s SoftBank, filed for a Nasdaq listing on Monday, positioning itself to go public during a historically slow period for tech IPOs. The company wants to trade under the ticker symbol \u201cARM.\u201d Arm [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85655","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85655"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85655\/revisions"}],"predecessor-version":[{"id":85656,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85655\/revisions\/85656"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}