ARM IPO 10 times oversubscribed13 Sep 2023 09:31
Arm's IPO is set to be the largest this year and raise anywhere from $4.49 billion to $4.87 billion, valuing the firm at $52 billion. TSMC is not the only tech company eager to get Arm shares. According to its IPO filing, Arm has seen interest from Advanced Micro Devices (AMD), Apple (AAPL), Google (GOOG) (GOOGL), Intel (INTC), Nvidia (NVDA), and Samsung among others, that could total about $735 million together.
Bloomberg reported that Arm is closing its order book a day early on Tuesday, Sept. 12, at 10 times oversubscribed, with its owner Softbank set to reap the reward of its $32 billion purchase in 2016.
https://www.investopedia.com/tsmc-seeks-up-to-usd100-million-investment-in-oversubscribed-arm-ipo-7968684#