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Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market | Business News
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UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell…
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Bitcoin suffers briefly after Tesla sells majority of its holdings | Business News
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Bitcoin lost half-a-percent overnight after Tesla said it had sold about 75% of its holdings of the virtual token. The world’s largest cryptocurrency slid to $23,268.92 (£19,489) after the news, although it rebounded later and was last up 1.41% at $23,578.75. Tesla bought $1.5bn (£1.2bn) of bitcoin more than a year ago, but on Wednesday…