Arm eyes pricing IPO at top of range or even more

Reuters Videos
1 年前

STORY: It’s set to be the biggest IPO of the year, and chip designer Arm is feeling bullish.

The UK-based firm is confident it has enough investor support to hit a target valuation of $54.5 billion.

That’s according to Reuters sources close to the matter.

They say Arm is now talking to investors about aiming even higher.

The IPO has already attracted a roll call of big names in tech, many of them major clients for the firm.

Among those buying in are Apple…

And its arch-rival in phones, Samsung…

Chipmakers Intel and AMD are also on board…

And so is Google-parent Alphabet…

The sources say one thing that won’t happen is an increase in the number of shares on offer.

That’s because Japanese parent firm SoftBank doesn’t want its stake in Arm to shrink any more than planned.

A decision on whether to raise the price range is now expected within the next two days.

There was no comment on the reports from Arm or SoftBank.

Some investors do remain skeptical, pointing to slowing growth in the smartphone market.

However, Arm says it sees robust growth ahead in the cloud computing and automotive sectors.