12/6/2023 0 Comments Roblox reddit ipo![]() ![]() This makes Arm one of the hottest IPOs to watch for in 2023 – and likely one of the best semiconductor stocks to watch once it goes public. While the exact timing of the deal is unknown, it is expected to happen later this year. ![]() A Reuters report indicates Arm's parent company SoftBank Group is looking at Goldman Sachs ( GS), JPMorgan Chase ( JPM), Barclays ( BCS) and Mizuho Financial Group to be the lead underwriters for the IPO. In late April, the company said it had confidentially submitted paperwork for an initial public offering. However, the deal became subject to intense antitrust scrutiny, and the parties abandoned the proposed acquisition in early 2022.Īrm is now looking at a public offering. In September 2020, rival chipmaker Nvidia ( NVDA) agreed to buy Arm from its owner, SoftBank Group, for $40 billion. The company is also making investment in the emerging category of the metaverse. There was growth across all market segments, with strong results with automotive and IoT (Internet-of-Things) solutions. ![]() The adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $450 million. In the latest quarter, Arm reported $746 million in revenues, up 28% year-over-year, and shipped a record 8.0 billion chips. It has shipped more than 230 billion chips across the world and its technologies impact about 70% of the world's population. Founded 30 years ago, Arm is one of the world's largest semiconductor companies. ![]()
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