ARM Holdings plans to go public in September, targeting a market value of over $60 billion.

Summary：SoftBank Group's ARM Holdings plans to go public in September, with ARM's valuation range being at a high level, attracting major investors.

ARM's initial public offering could raise up to 10 billion US dollars
Its IPO’s main investors could include Nvidia and Intel

The roadshow is scheduled to start in the first week of September, with IPO pricing taking place in the second week, followed by private negotiations. ARM's latest valuation target reflects a shift in market sentiment, with generative artificial intelligence and chip-related technologies becoming extremely hot commodities.

According to insiders, SoftBank Group's semiconductor firm ARM plans to go public as early as September, with a valuation between 60 billion and 70 billion US dollars. ARM's valuation highlights the high demand in the artificial intelligence chip market. Earlier, bankers had estimated its value to range broadly from 30 billion to 70 billion US dollars, according to Bloomberg.

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Written byTraderKnows

Created date:2023-08-02 08:10

Last Updated:2024-05-06 05:55

Independent Analysis: Manually researched and fact-checked by the TraderKnows Compliance Team, based on public regulatory records.

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Initial Public Offering

An Initial Public Offering (IPO) refers to the process by which a private company issues shares of stock to the public for the first time, allowing it to be listed and traded on a stock exchange.