Most consumers use at least one product that contains Arm’s chips.
Shares of UK chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years.
Arm’s offering is an important development for the IPO market, which has seen relatively few companies go public in the past two years. The company recorded 2.68 billion dollars of revenue in its last fiscal year, which ended in March, and had 524 million dollars in profit for that period. Helping to boost that figure was a proliferation of deals involving special purpose acquisition companies, or SPACs.Some companies prefer SPAC deals because there are fewer disclosure requirements.
SoftBank announced a deal to sell Arm to the US chipmaker Nvidia for 40 billion dollars in 2020, but the deal was called off last year because of regulatory obstacles. He has enjoyed both victories and defeats in his array of technology investments, although he insists he has had more long-term wins than failures.
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