Arm Files for IPO on Nasdaq: Update on SoftBank’s Chip Designer Arm and Potential Investment by Amazon and Nvidia

Chip designer Arm has filed for an initial public offering, or ipo, on the Nasdaq stock exchange. For now, no exact share prices or other data have been shared, apart from the official exchange name ‘ARM’.

The IPO was prepared from May this year and now announces Arm officially that a filing has actually been filed with the US SEC. earlier wrote Reuters that SoftBank had entered into discussions with several major tech companies, including Amazon and Nvidia, to secure any investment in the IPO. It is not clear whether that was successful.

Until last year, a takeover by Nvidia was still under discussion. In February of 2022, on the other hand, it became clear that the billion-dollar takeover would not go through; a variety of competitors and regulators expressed concerns about potential anti-competitive behavior following an acquisition of Arm by Nvidia. The geopolitical tensions between China and the US also played a role, as Arm, through a joint venture, has a large market share in China.

Since its acquisition by SoftBank in 2016, Arm is no longer a publicly traded company. The British semiconductor company is an important player in the chip architecture of mobile SOCs and earned just under $ 2.7 billion in 2022 from, among other things, licensing their chip designs.

2023-08-22 06:57:18
#Arm #files #IPO #Nasdaq