Sky's Ian King writes that the share offering will have to be priced carefully if it is to be seen as a success in both the short and longer term.
That $64bn sum, if replicated in the IPO, would mean SoftBank has doubled its money.The company paid £24.3bn when it controversially agreed aThe deal was announced weeks after the UK voted to leave the EU and the new prime minister at the time, Theresa May, was anxious to show the world that the UK remained 'open for business'.
Since then, governments everywhere - including in the UK - have tightened the rules governing foreign takeovers of domestic businesses, making it highly unlikely that a takeover of Arm, whose designs are found in the chips used in 99% of the world's smartphones, would be allowed today.Sales decline but predictions of spectacular growthThe picture in the filing is mixed. Arm's sales during the year to the end of March came in at $2.
That reflects growing confidence in the so-called 'internet of things' - the way in which physical objects will be embedded in the future with sensors and software that enable them to connect, communicate and exchange data with each other, transforming just about every facet of life.The prospectus suggests chips designed by Arm were already in 64.
Danmark Seneste Nyt, Danmark Overskrifter
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