Chip designer Arm priced its IPO on Wednesday.
Arm is listing at least 95.5 million American depository shares on the Nasdaq, and SoftBank, its current owner, will control about 90% of the company's outstanding shares.in its prospectus that revenue in its fiscal year that ended in March slipped less than 1% from the prior year to $2.68 billion. Arm reported $524 million in net income, down 22% from 2022.
Arm is riding the wave of excitement around artificial intelligence to raise investor capital. It could kick open the market for technology IPOs after a nearly two-year pause. It's set to be the biggest technology IPO of the year. Many of Arm's most important customers, including Apple, Google, Nvidia, Samsung, AMD, Intel, Cadence, Synopsis, Samsung and Taiwan Semiconductor Manufacturing Company, will buy shares as part of the offering. Its technology is used in 99% of mobile processors around the world.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Taiwan chip giant TSMC to invest up to $100 million in Arm IPOTSMC manufactures semiconductors for companies from Apple to Nvidia, that are often based on Arm architecture.
Consulte Mais informação »
Just 8 Chic Choker Necklaces to Stock Up on For Fall—Starting at $52They're dainty, modern, and affordable.
Consulte Mais informação »
Goldman Sachs is in the spotlight as tech firms Arm and Instacart test IPO marketThe drought in tech IPOs the past 18 months is about to break — and it’s a key moment for leading advisor Goldman Sachs.
Consulte Mais informação »
Can Arm and Instacart Resuscitate the IPO Market?Stocks Analysis by Christine Short covering: Campbell Soup Company, Hostess Brands Inc, Klaviyo Inc. Read Christine Short's latest article on Investing.com
Consulte Mais informação »