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Arm’s IPO problems show just how much is at stake for SoftBank
安谋的十字路口与软银的困境

It is hard to overstate the difficulty faced by the tech investor in getting its company a premium valuation
安谋正在经历芯片行业估值转变所带来的阵痛;其所有者软银,也急需修复自身作为科技投资者的不佳形象。这些因素,让安谋的IPO计划变得格外具有挑战性。
Masayoshi Son, chair and chief executive of SoftBank

It is hard to overstate the importance of chip design company Arm’s stock market debut for other tech companies hoping to list their shares. After a dearth of public offerings since the start of 2022, the IPO, which could come as soon as September, will be a barometer of the market’s revived interest in tech this year.

然而,安谋的所有者软银(SoftBank)在获得所需的溢价估值以帮助修复自己作为科技投资者的受损形象方面所面临的困难也是不言而喻的。软银将安谋 上市之时,这家芯片公司正面临核心市场增长乏力、商业模式转型,且正陷于与最大客户之一的法律纠纷之中。

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