[SoftBank Group's daily stocks rose more than 5%, intending to promote the listing of chip design company ARM]
During the Asian session on Wednesday, SoftBank Group (T:9984) rose more than 5 percent in Japanese stocks at 5,586 yen.
Previously, due to regulatory pressure, SoftBank Group said that its sale of British chip design company ARM to NVIDIA was a failure.
However, SoftBank Group CEO Masayoshi Son said at Tuesday's earnings conference that it plans to conduct an initial public offering of ARM companies by the end of the next fiscal year ending in March 2023, and the ideal IPO listing location is the NASDAQ in the United States.
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