tech

Arm valued at over $54 billion in this year’s biggest tech IPO, shares priced $51 apiece

British chip design firm Arm has been gearing up to go public for quite some time, and now, the chipmaker has set the stage for one of the most significant initial public offerings (IPOs) of 2023. In a move that marks a resurgence in the tech IPO market, Arm revealed that it has priced its … [Read more…]

Saudi Arabia’s PIF’s investments in SoftBank Vision Fund, other tech bets lead to $15.6Bn loss in 2022

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), recorded a comprehensive loss of $15.6 billion in 2022. According to media reports, this massive loss was primarily driven by the downturn in the market, as well as the plummeting value of its investments in Japan’s SoftBank Vision Fund. The PIF, chaired by Crown Prince … [Read more…]