Arm Holdings Ltd is targeting a valuation between $50 billion to $55 billion for its much-awaited initial public offering (IPO), ahead of its roadshow with investors next week, according to people familiar with the matter. Arm, the chip designer owned by SoftBank Group Corp, is expected to set a price range for its offering next week, the sources said. SoftBank plans to sell about 10% of Arm's shares in the IPO, Reuters has previously reported.
Rogers Communications and another dividend stock that passive income investors shouldn't forget about as they sag lower. The post Easy Income: 2 Dividend Stocks You Shouldn’t Forget About appeared first on The Motley Fool Canada.OTTAWA -Canada's economy unexpectedly contracted in the second quarter at an annualized rate of 0.2% and growth was most likely flat in July, data showed on Friday, a result that will probably allow the central bank to hold rates amid a possible recession.
The figures "leave little doubt that the Bank of Canada will keep interest rates unchanged next week," he said.TORONTO — Scotiabank announced a raft of changes in its senior executive ranks, including a new head for the group overseeing its Tangerine online banking business and a new chief human resources officer. The moves follow the appointment of Scott Thomson, former chief executive of heavy equipment dealer Finning International Inc., as chief executive of the bank in February.
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Arm prepares to meet investors ahead of blockbuster IPO -sourcesArm Holdings Ltd plans to launch its roadshow for investors after Labor Day, as the chip designer prepares for its much-anticipated initial public offering (IPO) in September, according to people familiar with the matter. Arm, owned by SoftBank Group Corp, is expected to set a price range for its offering next week, the sources said, adding the company plans to price its shares on Sept. 13, with stock trading to start the following day. SoftBank plans to sell about 10% of Arm's shares in the IPO at a valuation of $60 billion to $70 billion, Reuters has previously reported.
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Arm to Hold Roadshow After Labor Day, With IPO Pricing Sept. 13Arm Holdings Ltd., one of the most anticipated stock listings of the year, is preparing to set a price range for its initial public offering before embarking on an investor roadshow next week, according to people familiar with the matter.
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