NEW YORK : SoftBank Group Corp's Arm Holdings Plc on Thursday told potential investors in its roughly $5 billion initial public offering that cloud computing expansion and royalty revenue represented major growth areas for the chip designer.In a gathering of more than 100 investors at one of New York's mo
NEW YORK : SoftBank Group Corp's Arm Holdings Plc on Thursday told potential investors in its roughly $5 billion initial public offering that cloud computing expansion and royalty revenue represented major growth areas for the chip designer.
Arm is seeking a valuation on a fully diluted basis of $50 billion to $54.5 billion, less than the $64 billion SoftBank assigned to it in a transaction last month with the $100 billion Vision Fund that it manages. "They said that Apple use 100 per cent Arm architecture . The future growth driver is to expand market share in the Windows PC market," said Ryuta Makino, a research analyst at Gabelli Funds.
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