Biggest IPO Market in 2023: This year has been great for IPO investors. Companies from small to large businesses have offered IPOs. Soft Bank is now gearing up for its biggest IPO of 2023. Holding Limited, the arm of SoftBank Group Corporation, has planned an IPO.
In the filing, the company said the offer was led by Barclays Plc, Goldman Sachs Group Inc, JP Morgan Chase & Co and Mizuho Financial Group Inc. According to a Bloomberg report, Arm plans to start its roadshow in the first week of September and price the IPO next week.
What will be the size of the IPO?
The company has not disclosed proposed terms for the stake sale, but it is expected to be worth between $60 billion and $70 billion. The Cambridge, UK-based arm has also entered into talks with some major customers to support the IPO.
How much is the fundraising goal?
Arm had set a target of raising $8 to 10 billion from the IPO market, but that target may be lower, as SoftBank Group has decided to hold a larger stake in it. According to the filing, SoftBank handled more than $64 billion in transactions.
The biggest could be an IPO.
This IPO will be the largest IPO in two years in the market. Earlier in 2021, electric vehicle maker Rivian Automotive Inc. The $13.7 billion IPO came from , which had a volume of $13.7 billion. This IPO could be close to being the largest IPO ever. The largest IPO to date has been that of Alibaba Group Holding Ltd., which was valued at $25 billion in 2014.
The company was bought for $32 billion.
ARM was introduced in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology. It was then listed on the London Stock Exchange and Nasdaq from 1998 to 2016, and was then bought by SoftBank for $32 billion. Softbank later tried to sell it to Nvidia for $40 billion but was unable to do so due to opposition. If the deal goes through, it would be the biggest acquisition in the chip market.
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