ARM to Pursue Nasdaq Listing in the US by March Next Year

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Cho Hyun-ui] British semiconductor company ARM, whose acquisition by U.S. semiconductor firm Nvidia fell through, is aiming for a Nasdaq stock market listing by March next year.

According to the Wall Street Journal (WSJ) on the 8th (local time), SoftBank Group Chairman Masayoshi Son announced this at a press conference. SoftBank and its subsidiary Vision Fund hold 75% and 25% stakes in ARM, respectively.

Chairman Son said, "Since many of ARM's customers are located in Silicon Valley, USA, the most likely option is to list on Nasdaq." He added, "ARM is entering a golden era due to increasing demand," and stated, "We aim for the largest initial public offering (IPO) in the semiconductor industry."

He mentioned that ARM's IPO is a return to the original plan before the sale was pursued. He also added that through the IPO, external investors of the Vision Fund can secure cash, and ARM employees can be given stock options as incentives.

Before being sold to SoftBank, ARM was dual-listed on the London and New York stock exchanges.

Major foreign media reported, "There is a prevailing analysis that ARM is highly likely to be listed on Nasdaq," and "In the UK, which is making efforts to attract technology stocks, there are claims that if a sole listing on the London Stock Exchange is not possible, at least dual listing on London and New York exchanges should be considered."

This content was produced with the assistance of AI translation services.