Chip maker is set to be the biggest test for the U.S. IPO market after a listing drought that lasted for nearly 16 months
SoftBank’s chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected to be the biggest test for the U.S. IPO market after a listing drought that lasted for nearly 16 months.
Investors have over the last year begun to pay more attention to profitability, shunning cash-burning startups that had in 2021 fetched lofty valuations on the back of a record year for deals. In the run-up to Arm’s debut, chip stocks including Nvidia, Intel, Advanced Micro Devices, Broadcom, Qualcomm and Micron Technology were up between 0.6% and 1.2% in premarket trading.
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SoftBank's Arm set to debut on Nasdaq after blockbuster IPOArm priced its offering of 95.5 million American Depositary shares at $51 apiece, fetching $4.87 billion for SoftBank at a valuation of $54.5 billion, with participation from cornerstone investors including Apple, Intel and Alphabet. Hopes of a revival in the IPO market largely depend on the success of the high-profile listings of Arm and other marquee startups, including grocery delivery firm Instacart and marketing firm Klaviyo. Barclays, Goldman Sachs, JPMorgan Chase and Mizuho Financial Group are the lead underwriters.
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Chip Designer Arm’s IPO Was Priced for Smooth Trading Debut(Bloomberg) -- SoftBank Group Corp. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year’s biggest initial public offering, while resisting the temptation to try for more.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Ou
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TSMC to invest up to $100 million in Arm Holdings' IPOTAIPEI (Reuters) - TSMC, the world's largest contract chipmaker, said it would invest up to $100 million in Arm Holdings Plc's initial public share ...
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Arm shifts business model ahead of IPO: ReportArm Holdings (ARM) announced it will be pivoting its business ahead of its IPO debut on Wednesday, according to Bloomberg. The report notes the company's original model was to design chips in a direct business-to-business approach, but the company is now offering more specific products and charging higher royalties. Yahoo Finance Live discusses the report’s findings and gauges investor sentiments ahead of the listing.
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Exclusive-Arm to fetch at least $54.5 billion valuation in IPO-sourceBy Echo Wang NEW YORK (Reuters) - Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the ...
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Exclusive-Arm to fetch at least $54.5 billion valuation in IPO-sourceBy Echo Wang NEW YORK (Reuters) - Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the ...
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