Arm, a SoftBank unit, plans to list on Nasdaq in a bid to become the world's largest IPO this year

According to news from this site on August 22, ARM, a chip design company owned by SoftBank, submitted an initial public offering (I.P.O.) application to the U.S. Securities and Exchange Commission, applying to be listed on Nasdaq under the code "ARM" Listed. It is reported that the IPO planned for September is expected to become the largest IPO transaction on a U.S. exchange this year, and may become one of the largest technology issuance transactions in the history of the United States.

The filing comes within 18 months after Nvidia abandoned its $40 billion (approximately 292.4 billion yuan) deal to acquire Arm. ongoing. The Federal Trade Commission sued to block the deal. Arm did not list an expected share price in Monday's filing. The company reported revenue of $2.68 billion for the year ended in March, down slightly from $2.7 billion last year. Last quarter, Arm’s net income per share was 10 cents, down from 22 cents last year. This move will provide Arm’s parent company SoftBank with more funds to further invest in startups. SoftBank CEO Masayoshi Son said at a recent meeting with investors and analysts that the company is ready to go "offensive" in artificial intelligence. Arm stated in the filing that in the last fiscal year, it shipped $30 billion worth of Arm chips and that SoftBank will continue to be Arm’s controlling shareholder.

Arm is a 33-year-old company that develops and licenses the blueprints used in microprocessors, which are then turned into chips by other companies. Arm was once a publicly traded company until it was acquired by SoftBank for $32 billion in 2016. In September 2020, Nvidia made an acquisition offer for Arm, but encountered strong opposition from regulators and some major chip companies. SoftBank has suffered huge losses since that failed acquisition, reporting a $3.3 billion loss in the first quarter of this year. Its technology investment arm, Vision Fund, reported a net loss of $3.3 billion in the second quarter but investment gains of $1.1 billion, compared with $23.1 billion in the same period a year earlier.

IPO filing means Arm can start evaluating investments investor interest, which is critical to stock sales. The company still needs to say how much money it plans to raise in the offering and what valuation it is seeking. Rewriting: Filing for an IPO means Arm can start gauging investor interest, which is crucial for a stock sale. The company still needs to clarify the amount of funds it plans to raise in this offering and the valuation it is seeking

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