The IPO arm is in the last straight line
- August 22, 2023
- 0
Arm has received all the paperwork to complete its long-awaited IPO in September. Potential investors can take their number. The countdown to Arm’s public offering has begun. The
Arm has received all the paperwork to complete its long-awaited IPO in September. Potential investors can take their number. The countdown to Arm’s public offering has begun. The
Arm has received all the paperwork to complete its long-awaited IPO in September. Potential investors can take their number.
The countdown to Arm’s public offering has begun. The British design maker has announced in a press release that it has filed an “F-1” form with the US Securities and Exchange Commission, a formality as it seeks to register on Nasdaq as a non-US company. The homework has been done and in September it will be announced how many shares will be sold and at what price.
Arm’s IPO is already the most talked about IPO of the year. Parent company SoftBank hopes to increase the subsidiary’s value to $60 billion to $70 billion. There will be no shortage of interested investors: Apple, Samsung, Intel, Nvidia and Amazon are just a few of the big names from the tech industry to be named. SoftBank may sell 10 percent of its stake in Arm.
Arm and mother SoftBank have tried all sorts of artificial interventions in the past few months to get the value of the shares as high as possible. SoftBank completed an internal transaction on Friday that transferred shares in the group’s mutual fund to its parent company.
With this trick, SoftBank has already increased the market value to 64 billion US dollars. It is also considering re-licensing the ARM architecture to maximize revenue.
Source: IT Daily
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.