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The SoftBank-owned chip firm is set to return to the public markets with a NASDAQ listing that could reveal investor sentiment towards AI.
The listing could revive the ailing IPO market and prompt more companies to go public following a prolonged slump.
Benzinga Qualcomm Announces Chip Supply Agreement With Apple Qualcomm Inc (NASDAQ: QCOM) stock is trading higher Monday after the chip designer forged a deal with Apple Inc (NASDAQ: APPL). Under the deal, Qualcomm will supply Snapdragon 5G Modem‑RF Systems for the iPhone maker's smartphone launch in 2024, 2025, and 2026. The agreement eyes a 20% share of chipset supply for smartphone launch in 2026. Vietnam Airlines Eyes Monumental $10 Billion Deal With Boeing In a strategic move that could pote
That price range values Arm at $50 billion to $54.5 billion on a fully diluted basis. This would represent a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from the $100 billion Vision Fund it manages.
While the oversubscription does not guarantee strong IPO performance, it is a positive sign for Arm. It makes it more likely that the company will, at a minimum, reach its targeted price range of $47 to $51 per share, a source said.