Is Arm or Soft Bank trying to raise more capital?
$Arm Holdings(ARM.US$ There is a rumor going around that they want to sell more shares. Can anybody confirm this for me?
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razo2 : oh hohoho. classic stock dilution. good luck have fun. they will still want to gain majority control over the company. but they can sell stock anytime or even make more stocks if required to generate capital cash.
SpyderCall OP razo2 : I'm not in it yet. but Bloomberg radio mentioned something about it. Sometimes Bloomberg puts out unreliable news. But they mentioned a very low price compared to the current
razo2 SpyderCall OP : I won't be surprised mate. but how I am seeing this IPO is clearly to raise cash for whoever wants the pie. it is clearly not to make the company grow like tesla. is similar to those unreliable bitcoin where they buy at the lows and offer to the public to be sold at the highest point. just that they are doing it using SEC so you cannot sue them for fraud.
razo2 SpyderCall OP : I day traded this yesterday. booked gains and walked.
SpyderCall OP razo2 : that is how I see it. They barely offered a small percentage of the company in this IPO. They obviously just wanted a paycheck from all of this AI hype.