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Arm Prices Its Ipo at the High End of Its Range, Raising $4.87 Billion

September 14, 2023
minute read

Arm Holdings PLC has successfully concluded its initial public offering, pricing its shares at the upper end of the anticipated range, following heightened investor interest. The British semiconductor design company has set the share price at $51, resulting in a total capital raise of $4.87 billion. It's worth noting that earlier indications had pointed to an IPO price of $52 per share, but this was subsequently adjusted to $51. As a result, the company now commands a valuation slightly above $52 billion, in line with its previously stated target range of $47 to $51.

This IPO generated significant attention, with reports over the weekend indicating that it was oversubscribed by more than five times the offered shares. Notably, Arm had recently confirmed that leading technology firms, including Nvidia Corp., Advanced Micro Devices Inc., Apple Inc., and Alphabet Inc.'s Google International LLC, were among the "cornerstone investors" expressing a combined interest of approximately $735 million in ADSs (American Depositary Shares), mirroring the terms available to other investors.

Trading of Arm Holdings PLC shares is slated to commence on the Nasdaq under the ticker symbol "ARM" on Thursday, marking a significant milestone in the company's journey to the public market.

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Eric Ng
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