by Echo Wang and Anirban Sen
NEW YORK (Reuters) – Arm Holdings, the British chipmaker owned by Japanese conglomerate SoftBank Group Corp, is planning an initial public offering (IPO) next week at an indicative price of $47 to $51 a share, Reuters reported on Saturday. sources familiar with the matter.
This price range values Arm, which aims to raise $5 billion to $5.4 billion, at around $50-54 billion, which would make the group the highest valued company to list on the New York Stock Exchange since the builder. of Rivian Automotive electric vehicles in 2021.
The indicative supply could be revised upwards before the IPO in the event of strong demand, the sources said.
Arm declined to comment and SoftBank did not immediately respond to requests for comment.
Arm’s current valuation is a discount to last month’s $64 billion estimate when SoftBank acquired a 25% stake in the company through the Vision Fund.
This valuation takes into account the recent decline in demand for certain Arm products, the group having notably closed its annual fiscal year shifted from March 31 with a turnover down to 2.68 billion dollars.
Reuters reported on Friday that Arm has solicited several of its major customers as investors as part of its IPO, including Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung Electronics.
(Report Echo Wang in New York, French version Claude Chendjou)
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