Arm Holdings Ltd. filed its long-awaited initial public offering late Monday, following last year’s failed bid by Nvidia Corp. to acquire the U.K.-based chip architecture company. Arm has reportedly been seeking to raise $8 billion to $10 billion at a valuation of $60 billion to $70 billion, making its IPO the biggest of the year so far, and a number of large tech companies, including Amazon.com Inc.
AMZN,
+1.10%,
Intel Corp.
INTC,
+1.19%
and Nvidia
NVDA,
+8.47%,
are reportedly in the mix to be anchor investors.
In a late Monday filing with the Securities and Exchange Commission, Arm said it was offering to list its U.S. traded shares on the Nasdaq under the ticker symbol “ARM.” Arm, which is owned by Japan’s SoftBank Group Corp.
9984,
+1.16%,
was the target of an unsuccessful $40 billion acquisition by Nvidia last year. Arm listed Barclays, Goldman Sachs, JP Morgan, Mizuho, BofA Securities, Citigroup, and Deutsche Bank Securities among the underwriters. Recent reports said SoftBank was in discussions to purchase the 25% stake in Arm that it does not outright own, which is held by its Vision Fund 1, ahead of the IPO. Read from Feb. 2022: Wall Street’s reaction to death of Nvidia-Arm deal: No duh
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AMZN,
+1.10%,
Intel Corp.
INTC,
+1.19%
and Nvidia
NVDA,
+8.47%,
are reportedly in the mix to be anchor investors.
In a late Monday filing with the Securities and Exchange Commission, Arm said it was offering to list its U.S. traded shares on the Nasdaq under the ticker symbol “ARM.” Arm, which is owned by Japan’s SoftBank Group Corp.
9984,
+1.16%,
was the target of an unsuccessful $40 billion acquisition by Nvidia last year. Arm listed Barclays, Goldman Sachs, JP Morgan, Mizuho, BofA Securities, Citigroup, and Deutsche Bank Securities among the underwriters. Recent reports said SoftBank was in discussions to purchase the 25% stake in Arm that it does not outright own, which is held by its Vision Fund 1, ahead of the IPO. Read from Feb. 2022: Wall Street’s reaction to death of Nvidia-Arm deal: No duh
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