SoftBank s Arm Holdings is all set to go public by this year. The IPO will also mark USA s biggest IPO of 2023. The company filed for IPO on Monday, and its offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc
In a long-awaited regulatory filing Monday, Arm said the offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. The document listed 24 other underwriters below that top tier — with Morgan Stanley notably absent.
Arm IPO: Arm said that more than 50% of its royalty revenue for the most recent fiscal year came from smartphones and consumer electronics. The global smartphone market is on track to hit a decade low this year, according to Counterpoint Research. Arm s modest decline in revenue, despite heavy reliance on smartphones for royalties, suggests that its per-chip rates have increased.
ARM muscles up for bumper IPO with $70bn valuation and 28 rostered banks cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.