By Le Figaro with AFP
Posted 8 minutes ago, Just updated
The British company Arm, a subsidiary of the Japanese SoftBank, is a world reference in semiconductors manufactured under license for the global smartphone market. DADO RUVIC / REUTERS
British microprocessor champion Arm, a subsidiary of Japan’s SoftBank, is aiming for a valuation of up to $52 billion for its New York IPO, which promises to be one of the biggest in recent years in the sector. technological. According to documents published Tuesday on the site of the policeman of the American Stock Exchange (SEC), Arm hopes to raise between 4.5 and 5.2 billion dollars on this occasion.
Arm, a world reference in the architecture of semiconductors then manufactured under license for almost the entire global smartphone market, announced its intention to go public at the end of August, favoring New York over London. This introduction is watched with attention by the financial markets, while operations of this type have become rare in recent months.
However, the valuation target announced on Tuesday is lower than the more than 60 billion dollars initially hoped for by SoftBank Group. The Japanese group had recently paid some $16 billion to take over the 25% of Arm previously held by its Vision Fund unit. In detail, Arm intends to list on the Nasdaq electronic stock exchange at least 95.5 million shares, at a price between 47 and 51 dollars. In the event of strong demand, the number of titles could reach 102.5 million.
Softbank will remain the majority shareholder and should retain approximately 90.6% of the shares at the end of the operation (a share which will fall to 89.9% if demand is strong and the number of listed shares increased to 102.5 million) . Arm will keep its headquarters in Cambridge and could consider a second listing on the London Stock Exchange. Founded in 1990, Arm has been part of SoftBank Group since 2016. The company has some 6,000 employees in Europe, Asia and the United States.
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2023-09-05 12:03:36
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