CAMBRIDGE, England, Sept 6 (Bernama-BUSINESS WIRE) — Arm Holdings plc (“Arm”) today announced that it has launched a roadshow for the initial public offering (the “IPO”) of American depositary shares (“ADSs”) representing its ordinary shares.”
A total of 95,500,000 ADSs are being offered by the selling shareholder, a wholly-owned subsidiary of SoftBank Group Corp., in the IPO. Arm expects the selling shareholder to grant the underwriters an option to purchase up to an additional 7,000,000 ADSs to cover over-allotments, if any, for 30 days after the date of the final prospectus. The IPO price per ADS is estimated to be between $47.00 and $51.00. Arm has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.