The Biggest IPO of 2023! Arm Ready to Launch at a Price of $51 Per Share

<p>&nbsp;Arm Holdings, a chip designer that supplies core technology to companies including Apple and Nvidia, priced its initial public offering (IPO) at $51 a share.</p><p><br /></p><p>It was the biggest IPO of the year giving the company a valuation of $54.5 billion.</p><p><br /></p><p>Arm, based in the UK, provides chip designs to various semiconductor manufacturers, where its technology is used in 99% of mobile processors worldwide.</p><p><br /></p><p>It also has many important 'customers', including Apple, Google, Nvidia, Samsung, AMD, Intel and Taiwan Semiconductor Manufacturing Company (TSMC).</p><p><br /></p><p>The company said in a press release that it will begin trading on Thursday under the symbol ARM.</p><p><br /></p><p><br /></p><p>It lists at least 95.5 million American depositary shares on the Nasdaq, and its owner, Softbank will control about 90% of the company's outstanding shares.</p><p><br /></p><p>Softbank Group acquired the privately held company in 2016 for $32 billion.</p><p><br /></p><p>While the world is still in the wave of artificial intelligence (AI), Arm also does not miss the opportunity to join the world of new technology.</p><p><br /></p><p>In a presentation to investors, Arm officials said the company has room to expand beyond smartphones and wants to design more chips for data centers and AI applications.</p><p><br /></p><p>The company expects the total market for chip design to be worth about $250 billion by 2025.</p>