Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSINGAPORE,...
Ireland's Prime Minister Leo Varadkar attends the European Union leaders summit in Brussels, Belgium June 29, 2023. REUTERS/Johanna Geron/File photo...
Sept 14 (Reuters) - Shares in SoftBank's Arm Holdings (ARM.O) soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO).The stock, which had opened at $56.10, notched a 24.68% gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public markets following a seven-year absence. The IPO had priced at $51.Arm's strong performance suggests that investor demand for initial public offerings, which had been hit hard...