Arm is headed for a $52 billion IPO that's set to draw tech titans like Apple and Nvidia. Here's what to know about the biggest US stock debut of the year.

Tue, 09/05/2023 - 13:25

Softbank-owned Arm's $52 billion IPO set to be biggest of 2023. — Softbank-owned Arm's $52 billion IPO is poised to be the biggest of 2023.
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Softbank Group-owned chip designer Arm is targeting a $52 billion IPO in September.
The launch is set to draw big investment from tech giants like Apple, Nvidia, Samsung, and Google.
The debut is expected to be the largest of 2023, and it could mark a turning point for the sluggish IPO market.

Arm, the Softbank Group-owned chip designer, could see a valuation as high as $52 billion in its initial public offering on Nasdaq, according to an updated filing Tuesday.

Softbank will offer 95.5 million American depository shares, and will target a sale price of $47-$51 per share for about 10% of the total shares outstanding.