5 September
Arm is expected to start listing shares on the Nasdaq stock exchange on 14 September, Bloomberg reports. Share prices will be announced the day before, but Softbank is reportedly aiming for a valuation around the 55 billion mark, down from a previous estimate of 60-70 billion dollars. Arm’s parent company is planning on selling no more than a 10-percent stake in the chip designer at the listing and has found ten customers – including Apple, Nvidia, Intel and TSMC – prepared to act as anchor investors, encouraging others to invest as well.
Arm’s valuation is a bit of a hot-button issue because the company derives 25 percent of revenues from its subsidiary in China without fully controlling it, among other things.