11.22.2022

Arm's IPO is postponed - it will take place later in 2023

Arm's IPO is postponed - it will take place later in 2023

NVIDIA's deal to buy UK processor architecture developer Arm, which fell apart this spring due to opposition from regulators and activists, prompted Japan's SoftBank Corporation, the current asset owner, to bring Arm shares to the stock market, but it expected to do so by March 31, 2023.
Now there is information that the IPO could take place later next year.Image source: Getty ImagesThe fact is that in the calendar of Japanese SoftBank in March next year ends another fiscal period, and this milestone was originally seen as a benchmark for the return of Arm shares to the stock exchange.
SoftBank's priority remained the idea of placing Arm shares on the U.S.
stock exchange, as this would have raised more funds, but British authorities insisted on a dual offering that would have brought Arm shares back to the London Stock Exchange as well.
Before SoftBank bought Arm for $32 billion in 2016, the last of the companies remained public.The Register reports, citing its own sources, that Arm shareholders these days began receiving notices that a public offering would take place later in 2023.
Arm officials have confirmed that such discussions are underway, but no final decision has yet been made.
The current macroeconomic situation prevents the placement of shares at the stock market in the first quarter.
Interestingly, Masayoshi Son, head of SoftBank's parent company, made a reference to his plans to develop Arm's business for several years ahead during his recent speech, but he did not mention anything about an IPO in his speech.
However, this can be explained by a change in the structure of Arm's upcoming offering.
If SoftBank retains a large block of shares, it will still be able to significantly influence the business of the British company.

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