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Aug 04, 2023Arm IPO: Valuation Hinges on How Much AI Hype Investors Price In
Apr 14, 2024Hours before Arm Ltd.’s initial public offering filing is expected to land, investors are scrutinizing a handful of reported financial metrics for clues on whether the lofty valuation the company is said to be seeking for its shares makes sense.
Bloomberg has previously reported that Arm was aiming for valuations between $60 billion and $70 billion, as the chip designer tries to cash in on investors’ frenzy for stocks that can benefit from the rise in artificial intelligence. SoftBank Group Corp., which owns Arm, bought a 25% stake in the company from the Vision Fund at a $64 billion valuation.