The British tech company Arm Holdings has announced its plans for an initial public offering (IPO) on September 14, 2023, to be hosted on Nasdaq, marking one of the year's most significant financial events despite being a $50 billion valuation.
The stock is poised for a strong share price pop on its share price when it debuts trading on September 13th, with an anticipated pricing range of $47 to $51 per share.
Arm Holdings, commonly known as ARM, is a British semiconductor and software design company. It was founded in 1990 as Advanced RISC Machines Ltd. and later renamed ARM Holdings. ARM is headquartered in Cambridge, United Kingdom. The company is known for its contributions to the development of reduced instruction set computing (RISC) microprocessor and system-on-chip (SoC) design.
2. Arm Holdings IPO Company Overview
Company Name | ARM HOLDINGS PLC/UK |
---|---|
Stock Exchange | NASDAQ Global Select |
Share Price | $47.00-51.00 |
Shares Offered | 95500000 |
Offer amount | $5,227,500,000 |
Launch Date | 14 September 2023 |
Number of employees | 5963 (as of 03/31/2023) |
Headquarters | Cambridge, United Kingdom |
Shares Over Alloted | 7,000,000 |
Total Offering Expense | $83,775,000.00 |