"ARM Priced at $51 Per Share in IPO... Estimated Company Valuation at $54.5 Billion"

British semiconductor design company ARM, which is preparing for a Nasdaq listing in the United States, has set its initial public offering (IPO) price at $51 per share, CNBC reported on the 13th (local time), citing anonymous sources.

This corresponds to the upper end of the $47 to $51 per share range that ARM previously proposed as its desired IPO price to the U.S. Securities and Exchange Commission (SEC). It is slightly below the $52 per share reported earlier by The Wall Street Journal (WSJ). WSJ reported that ARM planned to hold a meeting with investment reviewers and executives that afternoon to set the IPO price at $52 per share.

If the IPO price is finalized at the upper limit of $51 per share, ARM's valuation is estimated to be $54.5 billion (approximately 72.376 trillion KRW). This would be the largest on the New York Stock Exchange since electric vehicle maker Rivian's $13.7 billion IPO in 2021. However, WSJ noted that this valuation is lower than the $64 billion valuation set when SoftBank sold a 25% stake in ARM to the Saudi Arabia Vision Fund.

SoftBank is expected to retain 90% ownership and maintain control after ARM's listing. As cornerstone investors, ten major IT companies including Samsung Electronics, AMD, Apple, Cadence, Google, Intel, MediaTek, and Nvidia are participating.

Once the IPO price is set that afternoon, ARM is scheduled to begin trading on the New York Stock Exchange starting on the 14th.

Previously, SoftBank acquired ARM in 2016 for $32 billion (approximately 43 trillion KRW), and in 2017 sold a 25% stake to Vision Fund 1 (VF1) for $8 billion (approximately 10.7 trillion KRW). In September 2020, SoftBank planned to sell ARM to U.S. semiconductor company Nvidia for $40 billion (approximately 53.6 trillion KRW), but the deal was canceled due to opposition from competition authorities in various countries.

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