Arm listing may boost return to IPOs

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Paris (AFP) – The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings. Arm is a World leader in designing chips that are used in smartphones across the World and aims to be a major player in artificial intelligence (AI).  In documents filed on Monday, Arm said it planned to list on the Nasdaq, seven years after quitting London’s stock exchange after being purchased by Japan’s SoftBank.  The partial listing for an as yet undetermined number of …

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