Microsoft’s stock reach record heights thanks to 1.5 trillion Big Tech boosts
Microsoft market cap has never been as high as it is today: $2.69 trillion. Despite global economic uncertainty and disappointing PC sales, the tech industry recently gained $1.5 trillion. The AI hype seems to be the main driving force behind Microsoft's green digits flying by on the Nasdaq ticker.... Read more
Arm sets record at IPO, stock market value gains nearly 25 percent
Arm's September 14 IPO became the biggest in recent years, according to figures after the first few days of trading. The stock rose from $51 each to over $60 in one day.
As expected, Arm's IPO has been a great success. On its first day of trading, last Thursday, September 14, the stock opened on... Read more
‘Arm shares to start at $47 to $51, most valuable IPO in years’
Owner Softbank wants to go 43 euros to 47 euros ($47 to $51) per share at Arm's IPO. It should earn Arm the accolade of being the most valuable debut listing since Rivian Automotive in 2021.
The price of $47 to $51 was not previously communicated, but will be the target according to Reuters sour... Read more
It’s official: Arm has applied for Nasdaq IPO
Arm has finally officially announced that it is seeking a listing on the Nasdaq stock exchange in New York. It should be the largest IPO in the US this year, experts estimate.
The desire to list on the Nas daq brings a provisional end to the soap opera surrounding the chip designer in recent yea... Read more
SoftBank CEO favours US for Arm IPO
Masayoshi Son, the founder and CEO of SoftBank, said that the Japanese conglomerate is most likely to list Arm on Nasdaq, a US stock exchange. The CEO emphasized that the decision has not been made yet.
SoftBank is the owner of Arm, one of the world's largest chip designers. In an attempt to co... Read more
Rackspace officially applied for an IPO
Rackspace has officially applied for an IPO. It will be the second time the company will be listed on the stock exchange after Rackspace left in 2016 following a 4.3 billion deal dollar with venture capitalist Apollo Global Management.
Rackspace has not disclosed the size of its equity portfolio... Read more
Stellar takes over blockchain-startup supported by Visa and Nasdaq
Stellar takes over the blockchain startup Chain that had support from Visa and Nasdaq. Chains CEO Adam Ludwin announced that today. The aim is to withdraw and combine the individual products of the companies. Together they form Interstellar.
That's what news agency Reuters is reporting today. Inters... Read more