SoftBank’s Chip Maker Could Go Public As Soon As Next Week

Key takeaways

• Arm Holdings’ valuation has gotten a downgrade to $52 billion ahead of its IPO next week
• The chip maker’s exposure to China and the smartphone market are concerns for investors
• It’s still set to be the biggest IPO since Rivian’s in 2021

Arm’s superstar IPO roadshow has begun, with the chip maker courting investors ahead of its much-anticipated market debut on the Nasdaq Composite next week. Based on the proposed share price, Arm’s valuation has been downgraded – a potential sign the company is more like Qualcomm than Nvidia.

With concerns about the smartphone market and its exposure to China, Arm has a potential uphill battle to achieve its valuation. But with so many high-profile tech companies interested in the IPO, the downgraded valuation could be a tactic to drum up more interest. Here’s what we know so far.