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IPO

Arm Holdings on Nasdaq Global Select Market (ARM): the deal on record

Arm Holdings priced its initial public offering of American depositary shares on Nasdaq at USD 51.00 each on 13 September 2023. All 95,500,000 ADSs in the offering were sold by the existing selling shareholder and Arm received no proceeds, according to the prospectus. The listing followed seven years of private ownership by SoftBank Group, which remained the controlling shareholder.1,2

Value as reportedUSD 51.00 per ADS, 95,500,000 ADSs offered by the selling shareholder1
Announced13 September 2023
CompletedSeptember 2023
SectorSemiconductor design

Timeline

  1. SoftBank completes its acquisition of ARM, taking it private.2
  2. Prospectus dated, pricing the offering at USD 51.00 per ADS, with an underwriters' option for 7,000,000 more ADSs.1

Status now

Listed on Nasdaq under the symbol ARM, with SoftBank Group as controlling shareholder as of the prospectus.1

Sources

  1. US Securities and Exchange Commission (EDGAR), Arm Holdings plc prospectus (Form 424B4) (14 September 2023)
  2. SoftBank Group, Completion of Acquisition of ARM by SoftBank (5 September 2016)