In this image captured on March 6, 2023, we see a smartphone with the distinctive Arm Ltd logo placed on a computer motherboard. It has been reported by Japan’s Nikkei newspaper that both Apple and Samsung Electronics are planning to invest in Arm when it goes public later this year in its initial public offering (IPO), expected in September. This comes after previous reports that Arm was in talks with several companies, including Apple, Samsung, and Intel, to secure anchor investors for the IPO. Furthermore, there were recent speculations that Arm was also in discussions with U.S. chip designer Nvidia for the New York listing.
According to the Nikkei, Apple, Samsung, Nvidia, and Intel all intend to invest in Arm once it is listed on the market. SoftBank-owned Arm is set to formally apply to the U.S. Securities and Exchange Commission for the listing later this month. It is reported that Arm plans to sell the chipmakers stakes of “a few percent each”. However, SoftBank declined to comment on the matter, while Apple and Intel did not immediately respond to Reuters’ requests for comments. Samsung and Nvidia declined to comment as well.
The IPO of Arm is considered to be a potential financial success for SoftBank founder and CEO Masayoshi Son’s extensive tech conglomerate. SoftBank has been aiming for a listing of Arm ever since its failed deal to sell the chip designer to Nvidia last year due to regulatory objections. Sources have indicated that the planned U.S. listing could raise between $8 billion and $10 billion.
During an earnings briefing, SoftBank’s chief financial officer did not provide specific details regarding the listing date or the fundraising goal. However, he did mention that preparations for the IPO were progressing smoothly. On a positive note, SoftBank posted a surprise loss but revealed that it was cautiously returning to new investments, as its Vision Fund unit had returned to profitability after six quarters of losses.
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