SoftBank-owned Arm has filed for its initial public offering (IPO), which will be a major test for the IPO market that has been stagnant due to rising interest rates, and is a significant move for SoftBank as it pivots its focus to artificial intelligence. Arm's chip designs are found in almost all smartphones globally, and the company's listing has implications for SoftBank's rebound strategy.
Chip designer Arm signed up 28 banks for its upcoming IPO without disclosing a fee arrangement, demonstrating owner SoftBank's leverage over underwriters eager to participate.
Arm, the British chip designer, has published a prospectus for its IPO on the Nasdaq exchange next month, with an expected valuation of $60bn to $70bn, attracting interest from tech giants such as Amazon, Apple, and Nvidia.
Arm Holdings, the designer of central processing units (CPUs), has filed an F-1 with the SEC in its first step towards an initial public offering (IPO), seeking a valuation of $60 billion to $70 billion despite a decline in revenue and net income in the past year.
Arm Holdings Ltd, owned by SoftBank Group Corp, is planning to launch its roadshow for investors after Labor Day and set a price range for its much-anticipated IPO in September, with SoftBank selling about 10% of Arm's shares at a valuation of $60 billion to $70 billion.
Leading technology companies, including Apple, Nvidia, and Alphabet, have agreed to invest in Arm Holdings' initial public offering, which is targeting a valuation between $50 billion and $55 billion, according to sources.
Chip designer Arm Holdings is planning to ask investors to pay between $47 and $51 per share for its initial public offering (IPO), valuing the company at roughly $50 billion to $54 billion and potentially making it the most valuable company to list in New York since Rivian Automotive.
Arm Ltd.'s public listing is facing lowered expectations, with the chip designer aiming to raise $5 billion to $7 billion and a valuation of $50 billion to $60 billion, down from previous targets, due to factors such as China risks and slowing smartphone market growth.
SoftBank has invested over $1 billion in Stack AV, a new autonomous trucking firm founded by the creators of defunct self-driving startup Argo AI, with hopes of revolutionizing the trucking and freight industries despite technological and regulatory challenges.
Arm Holdings has priced its initial public offering at $51 per share, at the top end of the expected range, giving the chip design company a valuation of $54.5 billion.
SoftBank Group CEO Masayoshi Son accepted the recommendation of his bankers to leave an extra $1 per share on the table for chip designer Arm Holdings' oversubscribed IPO, projecting a bigger pop when the stock debuts on Nasdaq, valuing Arm at $54.5 billion.
SoftBank's initial public offering of Arm Holdings was a success, with the shares gaining 25% on their debut, although the company left potential profits on the table by pricing the IPO lower than it could have been.
SoftBank is reportedly seeking AI deals, including a potential investment in OpenAI, after the successful IPO of its Arm unit, with the company's founder and CEO, Masayoshi Son, planning to invest billions of dollars in AI technology.
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