Munich, London Thanks to high demand, the IPO of the British chip designer Arm brings more money into the coffers of its owner Softbank than hoped. The shares would be allocated at $51 each, at the upper end of the $47 to $51 offering range, Arm announced on Wednesday. This gives the debutant a market value of $54.5 billion.
The issue volume in the world’s largest IPO of the year so far amounts to $4.87 billion. Arm’s initial listing on the US technology exchange Nasdaq is scheduled for Thursday.
Practically all smartphone chips are based on the company’s designs. But they are also being used more and more frequently in processors for data centers. Therefore, numerous technology companies have subscribed to Arm papers. In this way they want to ensure further cooperation.
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