ARM muscles up for bumper IPO with $70bn valuation and 28 rostered banks August 22, 2023 SoftBank Group Corp’s Arm Holdings Ltd reported a 1% fall in annual revenue due to a slowdown in smartphone sales, after the chip designer disclosed the paperwork for an initial public offering (IPO) that is expected to be the largest of the year. Arm’s stock market launch is expected to bring back to life a lackluster IPO [...]
SoftBank aiming to buy back Arm stake ahead of high-stakes New York IPO August 14, 2023 SoftBank is reportedly in talks to buy back the remaining 25 per cent stake in Cambridge-based chip designer Arm its own investment unit established in 2017. In a strategic move ahead of Arm’s impending float in New York, Japanese tech company SoftBank is looking to regain Vision Fund’s quarter stake in order to fully own [...]
Amazon eyes anchor investor role ahead of Arm IPO August 9, 2023 Amazon is reportedly in discussions to become an anchor investor in Arm as the chip designer gears up to go public. The technology giant is joining the likes of Alphabet, which owns google, and semiconductor companies Nvidia and Intel in the queue to become a major investor in Cambridge-based Arm, according to Reuters. Arm plays [...]
Arm aims for £55bn IPO valuation as potential anchor investors line up August 2, 2023 British chip innovator Arm has set its sights on a valuation target of $60bn (£47bn) to $70bn (£55bn) when it goes public, which could be as soon as this September. Arm is gearing up to float on New York’s Nasdaq in the first week of September with pricing for the IPO to arrive in the [...]
Nvidia considers investment in Arm as firm seeks $80bn valuation July 12, 2023 Nvidia is reportedly engaged in discussions with Arm about becoming an anchor investor in the chip designer ahead of its initial public offering in New York. The two chip companies are currently thrashing out a valuation, the Financial Times reported. Nvidia is said to be seeking a long-term stake that would value Cambridge-based Arm between [...]
SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
‘Come to London’: FCA eyes up capital markets reform with 12 month plan to woo world listings back to the City April 5, 2023 The Financial Conduct Authority has laid out plans to “make the UK a more attractive place for business” today after a flurry of firms have ditched the UK in favour of foreign markets in recent months.
Arm deals blow to UK tech industry by rejecting London listing for a NASDAQ flotation March 3, 2023 Cambridge-based technology firm Arm said it will pursue a US-only stock market listing this year, dealing a blow to the UK markets. The plans from the company, owned by Japanese investment giant SoftBank, come despite heavy lobbying by successive prime ministers and cabinet members. In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade [...]
No layoffs for Arm as it expands UK workforce to meet rising chip demand February 14, 2023 Chip designer Arm has bucked the trend of tech companies cutting jobs, after it confirmed that it will grow its UK workforce in order to meet the rising demand for chips. The British firm plans to hire 500 new employees, with 350 of the roles spread across Cambridge, Manchester, Warwick, and Sheffield. In response to [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]