Arm, a subsidiary of SoftBank Group, is expecting a valuation of over $52 billion in its upcoming initial public offering on the New York Stock Exchange, which is expected to be the biggest tech launch of the year.
The company’s chip designs power more than 99 percent of the world’s smartphones, with a client list that includes the world’s biggest tech giants.The firm submitted an updated F-1 filing with the Securities and Exchange Commission to become a publicly listed company, after previously appearing on the London Stock Exchange (LSE) and the NASDAQ from 1998 to 2016, before it was acquired by Japanese investment group SoftBank for $32 billion.
