Arm Ltd. Chief Executive Officer Rene Haas, gearing up for the biggest initial public offering of the year, is pitching investors on a pivot.
His message to potential shareholders is that Arm is poised to become a bigger and more profitable business — not just because of the industrywide boom in cloud computing and artificial intelligence, but also due to a major change in how it operates.
Huang, in a reference to his failed attempt to purchase Arm for $40 billion in 2022, said the world knows how much he loves Arm and praised Haas’ shift into new markets, particularly the artificial intelligence ecosystem. Nvidia, now the most valuable chip company, is backing Arm’s IPO and plans to be a strategic investor.
His argument to investors eight years ago was that — while Arm was already pervasive in the billion-unit smartphone market — the proliferation of computing into everything from household electronics to factory equipment and traffic signals would take it into billions of new devices. That’s given Arm the chance to do complete designs for chips that may cost hundreds, if not thousands of dollars.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-SoftBank's Arm eyes pricing IPO at top of range or above-sourcesArm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor support to attain the fully diluted valuation of $54.5 billion it was seeking in its initial public offering (IPO) at the top of its indicated range, and is considering asking investors to value it higher, people familiar with the matter said on Sunday. Following strong demand from investors, Arm will likely be able to price the IPO at the top or above its $47-to-$51-per-share range when its underwriters close their books on Wednesday on the biggest U.S. stock market debut in two years, the sources said. Arm is discussing the possibility of raising the price range and seeking a valuation of more than $54.5 billion, in light of the IPO's oversubscription, the sources said.
Read more »
Arm Considers Raising IPO Price Range(Bloomberg) -- Arm Holdings Ltd. is considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year, according to people familiar with the matter.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Econ
Read more »
Exclusive-SoftBank's Arm eyes pricing IPO at top of range or above-sourcesBy Echo Wang and Anirban Sen NEW YORK (Reuters) - Arm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor ...
Read more »
What Instacart & Arm public offerings could mean for the IPO marketArm Holdings (ARM) and Instacart announced their revised price ranges for shares ahead of their upcoming initial public offerings.Yahoo Finance's Julie Hyman and Brad Smith provide a detailed analysis of what this could mean for the IPO market, referencing comments made by Goldman Sachs (GS) CEO David Solomon anticipating a surge in capital market activity.
Read more »
Analysis-For retail investors, jumping on Arm's blockbuster IPO is a risky businessBy Noel Randewich and Hannah Lang (Reuters) - Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the ...
Read more »