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Arm seeks up to $70bn valuation for September IPO – report

Arm IPO September
Image credit: Sundry Photography / Shutterstock

Cambridge-based semiconductor company Arm is reportedly seeking a $60bn to $70bn valuation for its upcoming IPO, which could be as soon as September.

In April, Masayoshi Son, chief executive of Arm’s parent company SoftBank, signed a formal agreement with the Nasdaq exchange to list Arm in New York.

Sources close to the situation told Bloomberg the roadshow for the New York listing is expected in the first week of September, followed by pricing.

A valuation of that level would make the company one of the most valuable firms in the semiconductor market.

UKTN has reached out to Arm and SoftBank for comment on the IPO reports.

SoftBank’s decision to list Arm in New York earlier this year came as a major blow to the UK public markets, which have faced significant pressure to retain valuable home-grown companies.

Prior to the decision, Arm and SoftBank faced numerous campaigns from British political leaders, including the last three prime ministers, who attempted to convince the companies that London would be the best destination for the IPO.

In 1998 Arm dual-listed on the London Stock Exchange and the Nasdaq. It was acquired by SoftBank in 2016 for £24.3bn.

Arm’s chip designs are used by some of the biggest names in the semiconductor market, including Nvidia, Intel and AMD.

Last month it was reported that Nvidia was in talks to act as an anchor investor ahead of Arm’s IPO.

Last year Nvidia attempted to acquire Arm for $40bn, however, the deal was called off amid allegations of anti-competitiveness.