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BIZARRE: 16 - You Need To See This

SoftBank’s Arm targets $60 billion-plus value for September IPO

TOKYO: SoftBank Group Corp’s semiconductor unit Arm Ltd is targeting an initial public offering at a valuation of between $60 billion and $70 billion as soon as September, a sign of bullish interest in artificial-intelligence chips, according to people familiar with the matter.

The Times of India

How VC Headline notched a 30% stake in Brazil’s biggest startup acquisition in 5 years

The investor behind Pismo talks about the $1 billion Visa deal and the Latin American deal landscape.

Fortune

Fashion resale CEO bets big on brands like Chloé

Samina Virk, is North America CEO of Vestiaire Collective, a Goldman Sachs- and Softbank-backed platform.

Fortune

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Arm Allegedly in Talks with Nvidia and Intel to Become Anchor Investors

Arm wants Nvidia and Intel to become its anchor investors in upcoming IPO.

Tom’s Hardware

Softbank to develop own generative AI targeting corporate clients

Major mobile network provider Softbank Corp. is set to develop the company's own generative artificial intelligence platform, with an eye on offering services to corporate clients.

The Japan News/Yomiuri

‘I am chatting with ChatGPT every day’: SoftBank’s billionaire boss says he’s a ‘heavy user’ of OpenAI's chatbot

Softbank's Vision Funds, the group's flagship venture funds, lost $32 billion last year.

Fortune

High-tech pizza company that raised nearly $500 million and would cook a pie in transit is reportedly broke

Softbank-backed Zume looks to sell off its assets.

Fortune

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How the 'Amazon of Asia,' founded by a Harvard dropout, landed on the Fortune 500

Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.

Fortune

Markets Today: Stocks Lower as U.S. PPI Eases but Regional Bank Stocks Fall

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.49%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.94%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.1%. U.S. stock indexes this morning are lower. U.S. weekly...

Barchart

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

Barchart

Japan tech investor SoftBank sinks into second year of losses

Japanese technology investor SoftBank Group is reporting a loss of 970 billion yen, or $7 billion, for the fiscal year that just ended

The Independent UK

City braces for new rules to transform London stock market’s faltering appeal

Watchdog unveils long-awaited plans to simplify rules over raising money in London

Evening Standard

Arm co-founder partly blames ‘Brexit idiocy’ for US flotation

Hermann Hauser says UK chip designer rules could seek secondary listing in London later

The Guardian - UK

Foreign Investors Remain Wary of China

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Barchart

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Fortune

Silicon Valley and Saudi Arabia are still closely intertwined despite age-old controversy

Nearly 40 venture firms, from Andreessen Horowitz to Craft Ventures to Techstars, have accepted money from Saudi Arabia’s sovereign wealth fund.

The Times of India

SoftBank Group founder Masayoshi Son meets startup founders in Delhi

NEW DELHI: Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday met founders and CEOs of some prominent startups during his day-long visit to the national capital, according to sources.

Evening Standard

Arm’s move to New York is a bitter pill to swallow -- London must learn a vital lesson

Russ Shaw, founder of Tech London Advocates, explains why the odds were never really in the City’s favour

Birmingham Post

THG's Matthew Moulding brands London Stock Exchange 'incredibly tough place' as he backs Arm's US move

In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade it to list the computer chip maker in London

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Evening Standard

London loses Arm wrestle with New York as tech giant heads to the US in blow to the City

The re-listing of shares in Cambridge-based Arm Holdings will be on the Nasdaq not the FTSE

Fortune

Inside Microsoft's strategy shift at venture arm M12

As Microsoft angles to beat rivals in hot areas like A.I., it's redesigning its venture arm to cleave more closely to the mothership. But the new direction has prompted some tough conversations.

The Guardian - UK

UK chip designer Arm chooses US-only listing in blow to Rishi Sunak

PM had held talks with firm’s owner SoftBank in effort to make London first choice for tech flotations

Fortune

70% of dealmakers say that investment managers share culpability for FTX

Investors have historically been made out to be victims in court when a startup implodes. But investors think VC firms share some responsibility.

Birmingham Post

Matthew Moulding praises SoftBank after THG signs AutoStore Systems deal

SoftBank sold its entire stake in THG to Mr Moulding and Qatar Investment Authority, the country's sovereign wealth fund, in October 2022

The Guardian - UK

City watchdog may ‘ease rules’ in order to secure $40bn Arm listing

Officials locked in talks with tech firm’s Japanese owner, SoftBank, according to Sunday Times report

Birmingham Post

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

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