Amazon, Google and Nvidia, Potential New Investors in ARM’s IPO
Around a dozen potential investors, including companies such as Amazon, are expected to join ARM’s IPO.
SoftBank, which owns ARM, is in talks with major tech companies such as Amazon, Google, and Nvidia for its upcoming IPO. The Japanese company, which acquired ARM in 2016, is looking to secure investor participation in the British microprocessor maker ahead of its Nasdaq debut. The talks, which began with Nvidia and Intel, have expanded to include tech giants and other semiconductor-dependent industries such as automotive and automation.
About a dozen potential investors, including companies such as Amazon, are expected to join the IPO. Amazon, through Amazon Web Services (AWS), is a leading provider of cloud computing services. Its investment in ARM would support its expansion into the server market, crucial to its growth as ARM’s core smartphone market declines.
The inclusion of leading investors in the IPO, scheduled for September, could demonstrate SoftBank’s reach and establish a solid valuation for ARM as it debuts on the stock market. This investment would be a significant endorsement for ARM as SoftBank sells its stake in the company, which could have a positive impact on the company’s shares at launch.
