Report: ARM's IPO will see Apple, Google, Samsung, Nvidia and others buying shares

Chip designer ARM filed for an IPO last month and insiders speaking to Reuters report that many major tech companies are interested. The initial public offering will be at a valuation between $50 billion and $55 billion, 10% of shares have been set aside for partners (SoftBank will keep the other 90%). The list of partners includes Nvidia, which attempted to acquire ARM in a $40 billion deal back in 2020, a deal that fell through due to regulator concerns. Other backers include companies that are heavily involved with ARM-based devices: Apple, Alphabet, Samsung. Then there are the two...

GSMArena.com - Latest articles