Bloomberg Tech

Car-Sharing Service Turo Restarts IPO Plans for Fall

Car-sharing business Turo Inc., which filed paperwork for an initial public offering last year, has restarted its plans to go public and could list shares as early as this fall, according to people familiar with the matter.

Arm Sees Sales Growth of More Than 20% Next Year Boosted by AI

Arm Holdings Ltd. said on its investor roadshow that it expects revenue growth of 11% in its current fiscal year and an increase in the mid-20% range in fiscal 2025, boosted by demand for chips to power data centers and artificial intelligence, according to people familiar with the matter.