2023’s Biggest IPO: Trade Shares In ARM, A Pioneering Chip Designer
Cambridge-based ARM Holdings has made a name for itself by designing energy-efficient microprocessors. Its chips can be found in Apple and Samsung phones, cars, computers, and a range of other devices.
Key Takeaways
- ARM Holdings is going public on 14 September and will trade on the NASDAQ
- The semiconductor firm plans to list 95.5 million shares, priced between $47 and $51, with a valuation of over $52 billion
- Shares in ARM can be traded at top brokers eToro, CityIndex and FxPro
Listing Details
Shares in ARM Holdings are scheduled to start trading on the Nasdaq stock exchange at 09:30 (ET).
95.5 million American Depositary Shares (ADSs) will be made available to the public, each representing an ordinary share. They will be available under the symbol ‘ARM’.
ARM Holdings has turned to several tier-one investment banks to manage the listing: JP Morgan Chase, Goldman Sachs, Barclays and Mizuho Financial Group.
The US listing will disappoint the UK government, whose ministers have been lobbying the firm to list on the London Stock Exchange in an effort to make London an attractive destination for prominent IPOs.
What Is ARM Holdings?
ARM Holdings is a leading semiconductor and software business that transformed the technology space with its energy-efficient designs of microprocessors.
It doesn’t actually produce computer chips, instead it sells licenses to other manufacturers. ARM receives royalties each time a company builds a chip using its designs.
More than 250 billion chips have been produced leveraging the firm’s designs, from the very first iPhone to the latest Samsung devices. Its technology also powers a range of other devices, from sensors to cars and supercomputers.
The company is headquartered in Cambridge, UK and employs more than 2,800 staff.
Where Can You Trade ARM Shares?
These are the 3 best brokers for trading shares in ARM Holdings:
