Honor set off on its own path after it was split off from Huawei in late 2020. It has experienced rapid growth since then and is now ready to enter the next stage of its life – Honor executives are preparing an Initial Public Offering (IPO). Key details are kept under wraps for now – where will the company stock be listed and when? There is still a lot of work to do before then, however, and it starts with reorganizing the board of directors. Following an election at a shareholders’ meeting, Mr. Wu Hui will serve as the director and chairman of the board with Mr. Wan Biao as the vice...
Chip design company Arm, owned by SoftBank Group, filed for IPO in the United States. Market watchers are expecting the offering to be one of the highest for a tech company in history, and it is expected to reach an overall value of over $70 billion. The move comes after SoftBank acquired the final 25% of the company for $16 billion, essentially valuing the chip company at $64 billion. Bloomberg suggested Arm is looking to raise around $10 billion, as the number of official shares that will be in the public offering is not yet revealed. The company said in the filing that...