Arm, the British microchip designer owned by Japanese conglomerate SoftBank, confidentially filed for an IPO in New York over the weekend.
Arm said on Saturday that he had submitted an application for registration for his IPO with the American stock market policeman, the Securities and Exchange Commission (SEC). He did not reveal the amount or the price range of this highly anticipated transaction. According to the Reuters news agency, Arm would be listed on the Nasdaq and would seek to raise between 8 billion and 10 billion dollars (from 7.29 to 9.11 billion euros), which would make it the biggest IPO ever. since the beginning of the year.
The first information about this project was published at the beginning of March. Arm had considered a double IPO, in New York and London, and had finally given up on it, despite lobbying from the British government.
SoftBank bought Arm in 2016 for around $32 billion. He had announced his intention to reintroduce Arm on the stock market after the failure, in early 2022, of the sale of Arm to the American Nvidia due to “significant regulatory obstacles”. Since then, he had maintained the suspense on the stock market he would choose for his listing.
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Arm confirms its IPO in New York
2023-05-02 09:22:39
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