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SoftBank's Son praises 'growth engine' Arm after Vision Fund losses - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

SoftBank's Son praises 'growth engine' Arm after Vision Fund losses - Nikkei Asia

Quick Summary

Several SoftBank-backed companies, including Chinese drone maker XAG and Israeli trading platform eToro, have either withdrawn or delayed their listing plans.

SoftBank has already bet on a smooth IPO, taking out an $8 billion loan by pledging Arm shares as collateral.

"Arm is the engine at the forefront of the information revolution," he told shareholders at the company's annual general meeting.


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Article Details

Author / Journalist: WATARU SUZUKI

Category: InvestingFinanceAsia

Topics: Nikkei Market Large Year Core Softbank Group Spent World Tech Years

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 02:55:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 3 minutes read

Article Length: 517 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 6943

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 16 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 11h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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