Microchip powerhouse Arm files for IPO on U.S. stock exchange


Arm Ltd., the United Kingdom's leading semiconductor and software design company, on Monday filed its initial public offering to sell its shares in the United States in what is considered to be the largest stock market offering of 2023.

Based in Cambridge with its U.S. headquarters in San Jose — where CEO Rene Haas is based — Arm hopes to raise up to $10 billion with the IPO. The shares will be sold on Nasdaq when the company gets listed later this year.

According to published reports, SoftBank…

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