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Evening Standard

Business

Simon Hunt

UNCOVERED: Softbank mulls raising arm ipo price range - Caught on Camera

SoftBank IPO Nvidia New York Apple

The owner of British chip designer Arm is mulling increasing its IPO price range ahead of its flotation in New York on Wednesday after a surge in investor interest in the company.

Japan-based SoftBank, which took the firm private in 2016, had been eyeing a valuation of $60-70 billion for it earlier this year, before setting Arm’s IPO price at $47-51 a share, giving it a significantly lower market value of $54.5 billion.

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Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

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Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

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Italian Prime Minister Giorgia Meloni's government has approved tougher security measures targeting protest-related violence, including prison terms of up to five years, fines of up to €20,000 and financial liability for parents whose children engage in vandalism or looting.

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Australian state leader contacted by police after failing to pay for petrol

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

California state workers launching 1-day strike over return-to-office mandate, pay and healthcare

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