The chipmaker Arm filed for a Nasdaq listing on Monday, seeking to trade under the ticker symbol “ARM.”
What To Know: Acquired by SoftBank Corp (OTC:SFBQF) for $32 billion in 2016, Arm was originally intended to be sold to Nvidia Corp (NASDAQ:NVDA) but the deal faced scrutiny from regulators. Earlier this year, the company opted to go public in the U.S. over the U.K.
Currently, the company faces some obstacles in its IPO journey. While Arm is a structurally crucial chip company that designs the architecture of chips in 99% of all smartphones, demand for such products has recently experienced a decline. Furthermore, the potential IPO comes as the AI revolution has fueled demand for next-generation semiconductors.
While the tech IPO market has been historically slow in the past 20 months, ARM’s IPO could represent a demand for new offerings for investors.
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Photo: Michael Schwarzenberger from Pixabay
