NVIDIA’s deal to buy British processor architecture developer Arm, which collapsed this spring amid opposition from regulators and activists, prompted the current owner of the assets, represented by Japanese company SoftBank, to list Arm’s shares on the stock exchange. but they are expected to do so before March 31, 2023. Now there is information that the IPO could take place later this year.
The fact is that on the Japanese SoftBank calendar, the next fiscal period ends in March next year, and this milestone was initially seen as a benchmark for Arm shares’ return to the stock exchange. SoftBank’s priority was to list Arm’s shares on the US stock exchange, as this would raise more funds, but UK authorities pushed for a dual listing that would also get Arm’s shares back on the London Stock Exchange. Before SoftBank bought Arm for $32 billion in 2016, the latter of the companies remained public.
Corresponding The registry Citing their own sources, Arm shareholders have begun receiving notifications these days that the company’s public offering will take place later in 2023. ARM officials confirmed that such talks are ongoing but no final decision has yet been made. The placement of the shares on the stock exchange in the first quarter is made more difficult by the current overall economic situation. At the same time, the plan is still to list Arm shares before the end of 2023.
It is curious that in his recent speech, the head of parent company SoftBank, Masayoshi Son, referred to his plans to develop the Arm business several years in advance and did not mention anything about the IPO in his speech. However, this may be due to a change in the structure of the upcoming Arm offering. Should SoftBank retain a large stake, it can still have a significant impact on the British company’s business.