Presumably, according to a report by Reuters news agency, ARM wants to be represented on the technology-heavy stock exchange NASDAQ in the USA before the end of this year. Details are not yet known. ARM itself surprisingly confirmed the planned IPO in a press release over the weekend.
ARM is currently preparing to raise a lot of money – to have funds for further investments. The first plan – the sale of ARM to NVIDIA – fell through a few months ago. The takeover failed due to excessive regulatory hurdles imposed by the US authorities.
Stock exchange listing in the USA
ARM and its parent company Softbank have now confirmed that they have submitted a “draft registration statement” for a US stock exchange listing. However, the press release did not say which exchange it was, nor when trading was to begin. According to information obtained by Reuters, trading at the NASDAQ group is planned. It also states that ARM plans to raise between $8 billion and $10 billion from its IPO. ARM and its parent SoftBank hope this IPO will encourage new investment. According to a media report, the chip manufacturer ARM has been working for several months on developing its own chips in which the company’s architectures should show the enormous potential they have – and money is needed for this.
- ARM prepares for IPO to raise funds for investments.
- Supposed to trade to NASDAQ group, deposit between $8-10 billion.
- ARM wants to develop its own chips to show potential.
- Softbank and ARM are hoping for new investments through an IPO.
- Takeover by NVIDIA failed due to regulatory hurdles.
- IPO details not yet known.
- ARM confirms IPO in press release.
See also:
Smartphones, Logo, Chip, SoC, Arm, Processors, Tablets, Chips, Mobile, Icon, System On Chip, Cpus
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