https://tokenist.com/apple-nvidia-intel-and-others-interested-in-arms-upcoming-blockbuster-ipo/
September initial public offering (IPO) on the Nasdaq, after receiving approvals from the US Securities and Exchange Commission (SEC) and Nasdaq. The anticipated $60 billion valuation will make it the largest IPO of 2023. Leading tech giants such as Nvidia, Intel, Samsung, and Apple are keen to acquire a few percent stake each in Arm, aiming for medium to long-term shareholder roles to ensure stock price stability at listing.
Since the abandonment of a $40 billion sale to Nvidia in 2020 due to regulatory concerns, SoftBank has been working on taking Arm public. The chipmaker's market valuation has doubled from the $31 billion SoftBank paid seven years ago. This significant IPO follows Technicolor's $97 billion deal in September 2022, marking a major milestone in the technology and finance sectors.
Arm's IPO stands as a pivotal event in the global semiconductor market, reflecting the company's critical role in the industry. Along with the imminent listing, other major financial moves are underway in the tech world, such as Alibaba's contemplation of a $29 billion listing of its IDCG e-commerce unit in the US, showcasing a dynamic and robust market landscape.
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