Published 09/13/2023 8:22:45 p.m.

Arm 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.

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Times of India

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…

09/14/2023 3:55:37 a.m.·India

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Reuters

SoftBank's Arm discusses pricing IPO at $52 per share-source

SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per share on Wednesday afternoon in a meeting with its investment bankers, a person familiar with the matter said.

09/13/2023 8:22:43 p.m.·United Kingdom

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CNBC

Arm prices IPO at $52 per share, valuing chip designer at $55.5 billion

Chip designer Arm priced its IPO on Wednesday.

09/13/2023 8:14:02 p.m.·United States

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The Telegraph

Arm valued at $53bn in New York stock market listing

The British microchip company Arm is set to price its New York IPO at $52 a share, giving it a valuation of more than $53bn (£42bn) ahead of its Wall Street debut on Thursday.

09/13/2023 8:34:42 p.m.·London, United Kingdom

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Sky News UK

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.

09/14/2023 5:57:00 a.m.·United Kingdom

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Bloomberg

SoftBank-Backed Arm Prices IPO At $51 A Share

Arm Holdings Plc priced its initial public offering at the top end of its range to raise $4.87 billion in the largest listing of the year, one that could give a major lift to long-suffering equity markets.

09/14/2023 12:40:22 a.m.·United States

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