ARM has managed to get Samsung, Apple and several other technology giants to invest in its IPO, with a valuation in the billions
Several companies, including Samsung and Apple, which are the top two smartphone makers in the world, have reportedly agreed to invest in ARM’s initial public offering. The British chip design firm is apparently targeting a valuation between the $50 billion and $55 billion mark, though it should be pointed out that the latest target is actually a step down from the $64 billion valuation at which SoftBank acquired its 25 percent stake in the company.Apple and others have agreed to invest between $25 million and $100 million in ARM’s IPO
Apart from Apple and Samsung, notable names in the technology and chip industry, such as AMD, NVIDIA, Intel, Cadence Design Systems, Synopsys, and Alphabet, have agreed to invest in the IPO, according to Reuters.
