SoftBank’s Arm is now expected to raise as much as $4.87 billion in its long-awaited IPO, making it the largest IPO of 2023, surpassing the $4.37 billion listing by Johnson & Johnson’s consumer health spinoff Kenvue Inc.

The Ault Alliance Inc (NYSEAMERICAN: AULT) rallied 40% after announcing that it was selling four newly renovated hotels for about $100 million. The sale is being conducted by its wholly-owned subsidiary, Ault Global Real Esta