By Kosaku Narioka SoftBank Group shares rose Friday morning in Tokyo after chip designer Arm surged in its Nasdaq debut overnight, raising hopes for a...
SoftBank Group shares rose Friday morning in Tokyo after chip designer Arm surged in its Nasdaq debut overnight, raising hopes for a recovery in the IPO market.
The British chip designer's stock closed up 25% from its initial public offering price of $63.59 on Thursday in New York. SoftBank's tech funds have stakes in hundreds of private companies. The company recently said it wants to renew its push for large-scale investments in artificial intelligence.
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