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Week of Expected Pricing 9/14/2023
Company Name ARM HOLDINGS PLC UK
Proposed Ticker ARM
CUSIP 42068205
Business Description Arm is defining the future of computing. Semiconductor technology has become one of the world’s most critical resources, as it enables all electronic devices today. At the heart of these devices is the CPU, and Arm is the industry leader of CPUs. We architect, develop, and license high-performance, low-cost, andenergy-efficient CPU products and related technology, on which many of the world’s leading semiconductor companies and OEMs rely to develop their products. Our energy-efficient CPUs have enabled advanced computing in greater than 99% of the world’s smartphones, for the year ended December 31, 2022, and more than 250 billion chips, cumulatively, powering everything from the tiniest of sensors to the most powerful supercomputers. Today, Arm CPUs run the vast majority of the world’s software, including the operating systems and applications for smartphones, tablets and personal computers, data centers and networking equipment, and vehicles, as well as the embedded operating systems in devices such as smartwatches, thermostats, drones and industrial robotics. We estimate that approximately 70% of the world’s population uses Arm-based products, and the scale of Arm’s reach continues to expand, with more than 30 billion Arm-based chips reported as shipped in the fiscal year ended March 31, 2023 alone, representing an approximately 70% increase since the fiscal year ended March 31, 2016.
Lead Underwriter Barclays Capital Inc,Goldman Sachs & Co. LLC,J.P. Morgan Securities LLC,Mizuho Securities USA LLC.
Co-Managers BMO Capital Markets Corp,BNP Paribas Securities Corp.,BofA Securities, Inc,Citigroup Global Markets Inc,Cowen and Company, LLC,Credit Agricole Securities (USA) Inc,Daiwa Capital Markets America Inc,Deutsche Bank Securities Inc,Evercore Group L.L.C,Guggenheim Securities, LLC,HSBC Securities (USA) Inc,Independence Point Securities LLC,Intesa Sanpaolo S.p.A.,Jefferies LLC,KeyBanc Capital Markets Inc,Loop Capital Markets, LLC,MUFG Securities Americas Inc.,Natixis Securities Americas LLC,Nomura Securities International, Inc,Rosenblatt Securities Inc,Samuel A. Ramirez & Company, Inc,Santander US Capital Markets LLC,SG Americas Securities, LLC,SMBC Nikko Securities America, Inc,WR Securities, LLC.
Initial Shares 9,55,00,000
Revised Initial Shares N/A
Initial Price $47.00-$51.00
Revised Price $51.00-$51.00
Final Price $51.00
Final Ticker ARM

 

 

   
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