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Arm is headed for a $52 billion IPO that's set to draw tech titans like Apple and Nvidia. Here's what to know about the biggest US stock debut of the year.

Sep 05, 2023 - markets.businessinsider.com
Softbank Group-owned chip designer Arm is planning a $52 billion IPO in September, which is expected to be the largest of 2023. The company aims to raise up to $4.87 billion by offering 95.5 million American depository shares at a sale price of $47-$51 per share. After the IPO, Softbank will retain control of about 90% of Arm's shares. The IPO is expected to attract significant investment from tech giants such as Apple, Nvidia, Samsung, and Google.

The IPO could mark a turning point for the sluggish IPO market, paving the way for other tech firms and startups whose IPO plans have stalled. The success of Arm's IPO could also provide Softbank with fresh capital for separate investments in AI companies and help offset last year's $30 billion in losses in its Vision Fund.

Key takeaways:

  • Softbank Group-owned chip designer Arm is planning a $52 billion IPO in September, which is expected to be the largest of 2023.
  • Arm's IPO investors include tech giants such as Samsung, Google, Apple, Nvidia, and Intel, who are expected to invest a total of $735 million in stock for the IPO.
  • The IPO could mark a turning point for the sluggish IPO market, potentially paving the way for other tech firms and startups whose IPO plans have stalled.
  • Post-IPO, Softbank will retain control of about 90% of Arm's shares, and the IPO could provide fresh capital for separate investments in up-and-coming AI companies.
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