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Amazon in talks to become lead investor in Arm ahead of IPO


Business and financeOffersTechnology

Reuters was first to report that Amazon.com is in talks to join other technology companies as a lead investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO). Amazon’s potential involvement in the IPO, which had not previously been reported, underscores Arm’s importance in cloud computing.

Market impact

Arm plans to list on Nasdaq in early September, sources say. The company seeks to increase $8 billion has $10 billion, Reuters reported. The IPO should be a well-deserved boon for SoftBank, which is battling to turn around its massive Vision Fund, after many of its bets on tech startups soured.

Article tags

Topics of interest: Business and financeOffersTechnology

Type: Best of Reuters

Sectors: Business and financeTechnology

Regions: Americas

Countries: UNITED STATES

Types of earnings: Exclusivity

Types of stories: Exclusive / Scoop

Media Types: Text

Customer impact: Important national history

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