Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters Arm’s Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. But it’s a head-scratcher for Wall Street. The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company’s fully diluted market cap to...

Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Instacart filed an updated IPO prospectus Monday and clarified how its contract works with data storage and analytics company Snowflake, after the initial filing appeared to show a dramatic decline in spending on Snowflake’s technology. Snowflake CEO Frank Slootman is an Instacart board member, a relationship that requires the grocery delivery company to disclose details of the business ties between the...

Cloud software companies have been commanding hefty price tags, but all of the action is coming from private equity so far in 2019. Thoma Bravo's $3.7 billion agreement on Tuesday to buy Ellie Mae, a provider of software to the mortgage industry, marks the third proposed multibillion-dollar software deal this year. In each case, the buyer has been one or more private equity firms. Private equity shops are using their massive funds to compete with Microsoft, Salesforce, IBM and Oracle in the...

WePay CEO Bill Clerico speaks with J.P. Morgan CEO Jamie Dimon. Jamie Dimon has never been shy about his envy for Silicon Valley. The CEO of J.P. Morgan Chase frequently travels west to meet with venture capitalists and entrepreneurs, touts his bank's hefty investments in technology and famously warned in 2015 that "Silicon Valley is coming," thanks to "hundreds of startups with a lot of brains and money working on various alternatives to traditional banking." Dimon is now opening his wallet...

David Marcus, vice president of Messaging Products at Facebook, speaks on stage during the annual Facebook F8 developers conference in San Jose, California, April 18, 2017. Facebook is looking for a "head of business development & partnerships" for blockchain at its Silicon Valley headquarters. Qualifications include at least 15 years of dealmaking experience for someone who can "lead, grow and mentor a global team of experienced business development professionals." It's the company's sixth...