The company aims for a listing valuation of $60 billion-$70 billion when it debuts on the Nasdaq next month. Arm's revenue in its fiscal year 2023 was $2.68 billion, with a net income of $524 million. The company, founded in 1990, has approximately 6,000 employees globally and produces 30 billion computer chips a year. Major tech companies including Apple, Intel, Amazon, Nvidia, Microsoft, Google parent Alphabet, Samsung Electronics, and TSMC are reportedly interested in investing in the IPO.
Key takeaways:
- Arm Holdings, a major technology company whose chip designs are included in 99% of smartphones worldwide, has filed plans for a public-market debut, potentially revitalizing the IPO market.
- SoftBank, which purchased Arm in 2016 and attempted to sell it to Nvidia in 2020, has chosen Nasdaq for the IPO, bypassing the London Stock Exchange.
- Arm aims for a listing valuation of $60 billion-$70 billion when it debuts on the Nasdaq next month, with key customers including Apple, Intel, Amazon, Nvidia, Microsoft, Google parent Alphabet, Samsung Electronics and TSMC reportedly interested in the IPO.
- Arm's revenue in its fiscal year 2023 was $2.68 billion, with a net income of $524 million. The company designs computer chips used by around 260 different customers, producing 30 billion chips a year.