- Softbank Group Corp (OTC:SFTBF) (OTC:SFTBY) is weighing investor appetite for an initial public offering of British chip designer Arm Ltd, which could raise $10 billion.
- Softbank may launch the share sale in New York by September, Bloomberg cites familiar sources.
- In April, Arm confidentially filed for a U.S. listing.
- Bankers have pitched a valuation of $30 billion – $70 billion for Arm.
- Arm’s net sales rose 28% to 92.8 billion yen ($688 million) in the fourth fiscal quarter. It lost 6.2 billion yen after making 10.1 billion yen a year earlier.
- Softbank’s deal to sell the chipmaker to rival Nvidia Corp (NASDAQ:NVDA) collapsed in early 2022.
- Price Action: SFTBY shares are trading lower by 1.56% at $18.97 on Thursday.
- Photo via Wikimedia Commons
Getty Realty Q3 AFFO $0.54, Sales $41.97M Beat $41.36M Estimate
Getty Realty (NYSE:GTY) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.27 by 100 percent. This is a 8 percent increase over earnings of $0.50 per share from the same period
