Paperwork confirms parent paid $16B for 25% stake held by Vision Fund
Arm on Monday publicly filed for an initial public offering (IPO) on the Nasdaq stock market, under the ticker ARM.
While the British chip designer has has filed to become a public traded company once again, it will likely remain under majority control of Japanese parent Softbank.
In a statement today, Arm did not reveal the number of shares it will list nor the price it expects them to go on sale at. References to these figures were left blank in the official filing.
Another detail raised in the filing is Arm’s financial standing. Despite the global chip slump, which has battered many of Arm’s largest customers – including Samsung and Qualcomm in recent quarters – the biz’s revenues and profits only dipped slightly during the 2023 fiscal year.
According to the filing, after seeing global revenues surge 33 percent to $2.
