Arm files for IPO on Nasdaq

Chip designer Arm has filed for an initial public offering, or IPO, on the Nasdaq stock exchange. For the time being, no exact share prices or other data have been shared, apart from the official stock market name ‘ARM’.

The IPO was prepared from May this year and now Arm officially announces that an application has actually been filed with the US SEC. earlier wrote Reuters that SoftBank had entered into discussions with several major tech companies, including Amazon and Nvidia, to secure possible investments in the IPO. It is not clear whether this was successful.

Until last year, a takeover by Nvidia was still on the agenda. In February 2022, on the other hand, it became clear that the billion-dollar takeover would not go ahead; A wide range of competitors and regulators expressed concerns about possible barriers to competition following an acquisition of Arm by Nvidia. The geopolitical tensions between China and the US also played a role, as Arm, through a joint venture, has a large market share in China.

Since being acquired by SoftBank in 2016, Arm is no longer a publicly traded company. The British semiconductor company is an important player in the field of chip architecture for mobile SoCs and will earn just under $2.7 billion in 2022 from licensing their chip designs, among other things.