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Arm Holdings concludes IPO, begins trading on Nasdaq

Arm Holdings (NASDAQ:ARM) successfully closed its initial public offering (IPO) on Wednesday, marking a significant milestone for the technology company. The IPO consisted of 102.5 million American depositary shares (ADSs), each priced at $51.00, and included underwriters' full exercise of their option to purchase an additional seven million ADSs to cover over-allotments.

The company's ADSs began trading on the Nasdaq Global Select Market under the ticker symbol "ARM" last Wednesday. This follows the U.S. Securities and Exchange Commission's declaration that Arm's registration statement on Form F-1 relating to the IPO was effective on Tuesday, September 13, 2023.

Arm Holdings is known for its energy-efficient processor designs and software platforms which have found application in over 250 billion chips worldwide.

Raine Securities LLC served as financial advisor for the IPO process, while Barclays, Goldman Sachs&Co (NYSE:GS). LLC, J.P. Morgan, and Mizuho acted as joint book-running managers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.