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Home » Amazon reportedly in talks to become anchor investor in Arm’s upcoming IPO
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Amazon reportedly in talks to become anchor investor in Arm’s upcoming IPO

News RoomBy News RoomAugust 10, 20230 Views0
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Amazon.com Inc. is in talks to be one of the anchor investors in chip designer Arm Ltd.’s initial public offering, Reuters reported late Tuesday.

According to Reuters, Amazon
AMZN,
-1.49%
is among about 10 tech companies — including Intel Corp.
INTC,
-2.11%
and Nvidia Inc.
NVDA,
-4.72%
— that have discussed backing Arm’s offering, which is expected to raise as much as $10 billion. Reuters said Arm is looking at an early September IPO date.

Read the full article here

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