SoftBank's Arm seeks IPO valuation of nearly $52 billion

SoftBank’s (OTC: SOFTBY) chipmaking business Arm plans to offer about 95.5 million America Depository Shares (ADS), according to an amended filing.

Arm is seeking a valuation of more than $52 billion in its initial public offering (IPO).

Arm priced its shares in a range between $47 and $51 per share. Based on these prices, the chipmaker seeks to raise up to $4.87 billion in IPO.

Following the completion of this offering, SoftBank is anticipated to own approximately 90.6% of Arm’s outstanding ordinary shares, or 89.9% if the underwriters exercise in full their option to purchase additional ADSs from the selling shareholder.

Several prominent entities, including Advanced Micro Devices (NASDAQ: AMD), Apple (NASDAQ: AAPL), Google (NASDAQ: GOOGL), Intel (NASDAQ: INTC), Nvidia (NASDAQ: NVDA), and Samsung Electronics (OTC: SSNLF), have expressed interest in potentially acquiring up to a total of $735 million worth of ADSs offered in this IPO.

By Senad Karaahmetovic

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