Arm liable for $8.5B SoftBank loan if IPO is a no-show

Chip designer has until September to float or it’s on the hook for parent company’s borrowing

Brit chip designer Arm could be on the hook for an $8.5 billion loan made to its parent SoftBank if the company’s initial public offering (IPO) is delayed or canceled.…

Author: Dan Robinson. [Source Link (*), The Register]

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