- SoftBank Group's Arm Holdings soared almost 25% above its Nasdaq debut price on Thursday, valuing the company at $65 billion.Sales totaled $2.68 billion in the 12 months to the end of March, little changed from $2.7 billion in the prior period due to weak demand for mobile phones during a global economic slowdown.
Arm says it has a 10% share in cloud computing chips, 41% in automotive chips, 25.5% in networking and 64.5% in Internet of Things. And this customer has a history of late payments and presents "significant risks" to Arm's business, according to its U.S. F-1 filing. Beyond these internal issues, U.S. sanctions limiting sales to China along with rising competition in the Chinese market cast doubt on Arm China's long-term trajectory.Prior to the offering, Arm signed up many of its major clients as cornerstone investors, including Apple, Nvidia, Alphabet, TSMC, Advanced Micro Devices, Intel and Samsung Electronics.