The SoftBank-owned chip designer filed a registration statement with the U.S. Securities and Exchange Commission Monday, saying it intends to list under the symbol ARM. (The Logic)
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The SoftBank-owned chip designer filed a registration statement with the U.S. Securities and Exchange Commission Monday, saying it intends to list under the symbol ARM. (The Logic)
Talking point: The U.K.-based company’s return to public markets is on track to become the most valuable U.S. initial public offering since EV maker Rivian listed in November 2021. The move may also serve as a bellwether for the IPO market, which has seen a drought in new listings in recent years. Arm did not provide an estimated share price in its filing, though a share transfer from SoftBank Vision Fund to SoftBank Group valued the company at US$64.4 billion. Arm disclosed in the filing that it made nearly a quarter of its revenue from China in the latest fiscal year and warned the company is “particularly susceptible to economic and political risks” affecting China, including geopolitical tensions with the U.S. and the U.K.
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