Arm Plans To Raise $52bn In The Year’s Biggest IPO

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  • Listing of around 10 per cent of the company is expected to raise roughly $5 billion
  • Apple, Google and Nvidia showcased interest in purchasing Arm shares

Arm has aimed a more than $52 billion valuation for its initial public offering (IPO). Arm has priced its shares at $51 ahead of the largest IPO New York has seen for almost two years.

The company name will be listed on the tech-rich Nasdaq stock exchange under the “ARM” ticker. Arm’s IPO valuation has topped the list. The company has achieved the score for its enthusiasm among investors amid an explosion of interest in artificial intelligence

Traders are looking at Arm’s IPO as a barometer for other tech IPOs, which have stalled recently as the Covid-19 pandemic, the war in Ukraine, and higher interest rates lowered the appetite for riskier investments.

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A number of tech giants, including Apple, Google and Nvidia, have showcased interest in purchasing Arm shares at the share price it has listed.

The listing of around 10 per cent of the company is expected to raise roughly $5 billion for its owner, SoftBank.

If Arm’s IPO does well, other industry leaders may also participate to raise funds. SoftBank will retain ownership over 90 percent or so of the company’s shares.

Arm’s announcement values more than the $32 billion SoftBank spent to buy it in July 2016. The amount, meanwhile, is significantly lower than the $60 billion to $70 billion estimate it had hoped for just a few weeks ago.

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