Major Tech Giants Eye Investment in Arm: Apple, Samsung, and More
A highly anticipated Arm IPO reportedly could be held in September on the Nasdaq stock exchange, with leading companies including Apple and Samsung tipped to be looking to invest in the company.
Arm's IPO Application and Potential Investors
Nikkei Asia reported Arm will officially apply to the US Securities and Exchange Commission (SEC) for the listing to be held in mid-to-late September and it will then require approval from Nasdaq.
Get a Free Speed Boost on Your Internet Connection: The One Surprising Trick Virgin Media Users Need to Try NowArm parent SoftBank Group filed its draft registration statement for the process with the SEC in April, with the sale expected to generate at least $8 billion.
Bloomberg reported in June that Arm had held talks with a number of potential investors including Intel, as it seeks to attract big-name backers ahead of the IPO.
Is your Wi-Fi speed being murdered? The common mistake all BT broadband users must check todayIntel will reportedly be joined by Apple, Samsung, and Nvidia, all of which are apparently planning to invest in Arm as soon as it is listed.
The chip designer is willing to sell medium- to long-term shareholders stakes of a few per cent each as part of attempts to stabilise its stock price at the time of the listing, Nikkei Asia added.
A Disturbing Bug in a Popular Android App Has Led Google to Take Drastic Action: Check Your Phone Now!Previous Sale Attempt and Current Ownership
An IPO of Arm has been expected since February 2022, when a sale to Nvidia collapsed.
SoftBank currently owns 75 per cent of Arm shares, with the remaining 25 per cent held by the Japanese company's Vision Fund.
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- Arm IPO expected in September on Nasdaq
- Apple, Samsung, Intel, and Nvidia among potential investors
- Arm willing to sell stakes to stabilize stock price
- SoftBank currently owns 75% of Arm shares
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