Arm’s IPO Aims for a $52 Billion Valuation

Arm intends to set the price range for its initial public offering (IPO) between $47 and $51 per share, as outlined in an updated filing on Tuesday.

This move aims to raise approximately $4.9 billion for its current owner, SoftBank, while also placing a valuation of up to $52 billion on the UK-based chip designer.

Key investors, including Apple, Google, Nvidia, Intel, and TSMC, intend to acquire Arm shares worth up to $735 million at the IPO price.

Notably, SoftBank acquired Arm for $32 billion in 2016, a figure significantly lower than the valuation of nearly $64 billion proposed less than a month ago in a transaction involving its Vision

Fund, a $100 billion Saudi-backed investment entity managed by the Japanese conglomerate.

Following the IPO, SoftBank will retain ownership of 90.6 percent of the company.

The IPO is set to conclude next week, with the companies initiating their roadshow to present the float, expected to be one of the year’s major events, to investors in New York on Tuesday.

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Alexander Stefanov

Reporter at CoinsPress

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