SoftBank's (OTC:SFTBY) chipmaking business Arm plans to offer about 95.5 million America Depository Shares (ADS), according to an amended filing.
Arm is seeking a valuation of more than $52 billion in its initial public offering (IPO).
Arm priced its shares in a range between $47 and $51 per share. Based on these prices, the chipmaker seeks to raise up to $4.87B in IPO.
Following the completion of this offering, SoftBank is anticipated to own approximately 90.6% of Arm’s outstanding ordinary shares, or 89.9% if the underwriters exercise in full their option to purchase additional ADSs from the selling shareholder.
Several prominent entities, including Advanced Micro Devices (NASDAQ:AMD), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOGL), Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), and Samsung Electronics (OTC:SSNLF), have expressed interest in potentially acquiring up to a total of $735 million worth of ADSs offered in this IPO.