archiveASXPAC

Sept 5 (Reuters) - SoftBank Group's (9984.T) Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year.SoftBank is offering 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece and is looking to raise up to $4.87 billion at the top of the range, Arm said in a regulatory filing.The valuation that Arm is chasing now represents a climb-down from...

Italian Prime Minister Giorgia Meloni and Polish Prime Minister Mateusz Morawiecki hold a joint press conference in Warsaw, Poland, July 5, 2023, REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsEnergy projects focal point of agreementSaudis could invest in 'Made in Italy' fundPM has sought closer ties with Gulf countriesMILAN, Sept 4 (Reuters) - Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome's new strategic fund, Italy's Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations, particularly in energy.The...

People wearing face masks following the coronavirus disease (COVID-19) outbreak are seen inside a Neta U car by Hozon at the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 27, 2020. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsHONG KONG/SYDNEY, Sept 1 (Reuters) - Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter.Hozon's...