- SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) banks jostled for roles on a potential IPO of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg reports.
- Banks plan to pitch IPO valuations for Arm of upward of $50 billion.
- Related Content: SoftBank Looks To List Arm In US, Ditching Its Home Market
- Arm is likely worth $25 billion – $35 billion based on the industry’s valuation metrics and analysts’ early projections.
- NVIDIA Corp’s (NASDAQ:NVDA) collapsed attempt to buy Arm for a combination of cash and stock was worth about $40 billion when announced in 2020 and rose to more than $60 billion as the bidder’s shares climbed.
- Price Action: SFTBY shares traded lower by 1.72% at $22.60 on the last check Friday.
ShotSpotter Q2 EPS $(0.02) Misses $0.02 Estimate, Sales $14.62M Miss $14.91M Estimate
ShotSpotter (NASDAQ:SSTI) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.02 by 200 percent. This is a 128.57 percent decrease over earnings of $0.07 per share from the
