US EditionArm prices IPO at $51 per share, valuing company at over $54 billion
- Arm, the chip design firm, has priced its IPO at $52 a share, exceeding its expected price range of $47 to $51. SoftBank, the current owner, will continue to control about 90% of the company's shares. This IPO is set to be the biggest technology IPO of the year.
- Despite a slight decline in revenue, Arm reported $524 million in net income. Arm's architecture is widely used, with its technology being integrated in 99% of mobile processors globally. Many important customers, including Apple, Google, and Nvidia, will be buying shares as part of the IPO.
- Arm's return to the stock market has been highly anticipated, with a valuation of $54.5 billion. Although London was snubbed for the listing, Arm aims to have a greater influence in the cloud computing market and capitalize on the excitement around artificial intelligence.
27 Articles
27 Articles
British chip designer Arm valued at $53 billion ahead of New York IPO
Shares of British microchip designer Arm will float on the NASDAQ exchange at $51, valuing the company at $53.2 billion, when its initial public offering goes live Thursday in New York in the biggest offering of the year
UK chip designer Arm valued at $51 a share ahead of Wall Street IPO
British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBankThe British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday.The company, owned privately by Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softban…
Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market
The firm, which has its headquarters in Cambridge and employs 2,800 staff, is an important cog in the technology sphere as its processor designs are used in the vast majority of the world's smartphones.
SoftBank-backed arm prices IPO at $51 a share
Arm Holdings has priced its IPO at the top end of its range, raising $4.87 billion in the largest listing of the year. The chip designer, owned by SoftBank, sold 95.5 million American depositary shares for $51 each. After the IPO, SoftBank will still control about 90% of the company's shares. Arm's IPO could be a catalyst for other tech startups and companies planning to go public in the US. The shares are expected to begin trading on the Nasdaq…
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