Arm IPO splash largest in two years
<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611-500×334.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Arm-IPO-splash-largest-in-two-years-5167023238iStock-1210930611.jpg 1253w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">This IPO is not only the largest of the year but also the largest in the past two years. Since the Rivian IPO, nothing has made a market splash like Arm since 2021. Palpable excitement among investors boosted the Dow Jones by more than 330 points.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">Softbank, Arm’s parent company, acquired the chip maker for $32bn in 2016, and retains a 90% controlling share, leaving only a 10% slice that went public. As investors vied to scoop a piece of this cut, Arm saw its value soar.</span></p>
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<p><span data-contrast="auto">According to financial reports, tech giants such as Apple, Google, Nvidia, and Samsung confirmed their interest in being core investors in Arm. The company’s chips are commonly found in consumer electronics such as smartphones, laptops, televisions, and gaming consoles.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">Analysts believe this successful IPO paves a smoother road for tech companies that have yet to go public this year. It also spotlights the rush for chips underpinning artificial intelligence (AI) and the global rush by manufacturers to get their hands on the tech to make it possible.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
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