Arm Files For IPO On Nasdaq - Slashdot
source link: https://slashdot.org/story/23/08/22/0035226/arm-files-for-ipo-on-nasdaq
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Arm Files For IPO On Nasdaq (techcrunch.com) 10
Posted by BeauHD
on Monday August 21, 2023 @08:45PM from the what-to-expect dept.Arm has long developed and licensed what it describes as high-performance, low-cost, and energy-efficient central processing unit (CPU) products and related technology, on which many of the world's leading semiconductor companies and OEMs rely to develop their products. Among customers of the roughly 6,000-person company are Apple, Alphabet, Advanced Micro Devices, Qualcomm, and Mercedes-Benz.
Analysts expect Arm's IPO to be the biggest of 2023, though not everyone agrees that the company is worth what SoftBank thinks it is worth. Late last month, Bernstein analysts assessed Arm's fair-market value to be about $40 billion based on its preliminary analysis of the limited financial information that was available at the time. It isn't clear as of this writing whether Bernstein will revise that estimate based on the financial formation provided in Arm's F-1, including reported net income of $524 million on $2.68 billion in revenue in its fiscal 2023, which ended in March, which is almost exactly what it saw in 2022 sales ($2.7 billion).
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