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Amazon is in talks to become a major investor in Arm ahead of its IPO

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Amazon is in talks to become a major investor in Arm ahead of its IPO

Business financingdealstechnology

Reuters was The first to report Amazon.com is in talks to join other tech companies as an anchor investor in SoftBank Group Corp.’s Arm Ltd ahead of its initial public offering (IPO). Amazon’s potential participation in the IPO, which has not been reported before, underscores ARM’s importance to cloud computing.

market effect

Arm plans to list on the Nasdaq in early September, according to the sources. The company is seeking to raise $8 billion to $10 one billion, Reuters reported. The IPO is expected to be a much-needed boon for SoftBank, which has struggled to improve its massive vision fund, after many of its bets on tech startups went under.

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Topics of interest: Business financingdealstechnology

He writes: Reuters better

Sectors: Business financingtechnology

Regions: Americas

countries: United State

Winning types: exclusivity

Story types: exclusive / scoop

media types: text

Customer effect: An important national story

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