SoftBank-backed Arm's listing to breathe life into lacklustre IPO market

SoftBank-backed Arm's listing to breathe life into lacklustre IPO market

FILE PHOTO-The Arm Ltd logo and a U.S. flag are seen in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

SoftBank Group Corp’s Arm Holdings Ltd reported a 1% fall in annual revenue due to a slowdown in smartphone sales after the chip designer disclosed the paperwork for an initial public offering that is expected to be the largest of the year.