Arm’s stellar listing sets the stage for more SoftBank acquisitions

The roaring success of Arm Holdings’ stock market debut makes it much easier for owner SoftBank Group to revert to its natural state – acquisition-hungry.

Shares in the British chip designer jumped almost 25% on its first day of trade – propelling its value to more than double the $32 billion SoftBank paid to acquire it in 2016. The tech investment behemoth raised nearly $5 billion from Arm’s offering while retaining 90.6% of the firm.