Softbank’s Arm Files For IPO & How Google Lost Its Edge to OpenAI 5/1/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 1 May 2023
⏱️ 7 minutes
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| 0:00.0 | It is shaping up to be the year's largest IPO, Soft Banks Chip Maker Arm, |
| 0:07.1 | confidentially filing to go public today. |
| 0:09.2 | That's the focus of today's Tech Check with Your Dr Bosa. |
| 0:11.6 | Hey, D. Carl, so it's been a long road back to public markets for Arm to refresh your memories. |
| 0:17.0 | Soft Bank bought it back in 2016 for $32 billion. |
| 0:20.6 | Invidia tried to buy it for $40 billion, |
| 0:23.0 | ultimately shot down by regulators. |
| 0:25.0 | Soft Banks Massasan, he then devoted himself entirely to get this thing listed as |
| 0:29.6 | his company struggles under falling private tech valuations and so here we are |
| 0:33.6 | confidential filing that let's soft bank and arm gauge interest before an |
| 0:37.8 | actual debut and figure out where valuation lands now between 30 and 70 billion dollars has been reported and that |
| 0:44.8 | is a huge range that reflects the uncertainties in the broader markets and an |
| 0:49.2 | IPO market that has essentially been dead for the last year. Arm would be the biggest debut, not only in that time frame, |
| 0:55.0 | but over the last decade as well. |
| 0:57.0 | If it raises between 8 and 10 billion dollars, |
| 1:00.0 | it lands somewhere between an Uber and Rivian-sized fundraise. |
| 1:04.0 | Those were some of the biggest of the last decade. |
| 1:06.0 | Now, Arm, along with a few other key names, |
| 1:08.0 | breeze some life into this listings market, |
| 1:11.0 | and if they go well, they could open the floodgates for more to |
| 1:14.0 | follow. There's Kenview, a Consumer Health spinoff from J&J that's expected to |
| 1:18.0 | list at the end of this week and raise more than $3 billion. |
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