Arm Files For Nasdaq Listing: Here's What's Going On
Portfolio Pulse from Ryan Gustafson
Chipmaker Arm has filed for a Nasdaq listing under the ticker symbol 'ARM'. Previously acquired by SoftBank Corp for $32 billion in 2016, Arm was initially intended to be sold to Nvidia Corp but faced regulatory scrutiny. The company, which designs the architecture of chips in 99% of all smartphones, is currently facing a decline in product demand. However, its potential IPO could represent a demand for new offerings for investors.
August 21, 2023 | 9:25 pm
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NEUTRAL IMPACT
Nvidia Corp was initially intended to acquire Arm, but the deal faced regulatory scrutiny. This could have implications for Nvidia's future acquisition strategies.
The failed acquisition of Arm by Nvidia due to regulatory scrutiny could impact Nvidia's future acquisition strategies and partnerships. However, the direct impact on Nvidia's stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
SoftBank Corp, which acquired Arm for $32 billion in 2016, could see a return on its investment if Arm's IPO is successful.
SoftBank's previous acquisition of Arm could potentially yield a significant return if Arm's IPO is successful. This could positively impact SoftBank's financial performance and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70