Chip designer ARM, wholly owned by SoftBank, raised $4.87 billion in their IPO in what some are hoping is a thawing of the frozen IPO market. This values the company around $54.5 billion – not a bad return on SoftBank’s investment considering they bought ARM for $32 Billion back in 2016. After continuing losses on their investment in WeWork, a $22.5 Billion profit has got to make a lot of SoftBank’s execs smile today.