Chip Maker Files To Go Public In The U.S.

Key takeaways

• Semiconductor chip company Arm has filed for an IPO on the Nasdaq
• The move comes as Arm’s financials falter in second quarter due to slower smartphone sales
• Arm is looking for a valuation of up to $70 billion

It’s a party in the USA (markets) this week. The semiconductor chip maker Arm has officially filed for its IPO on the Nasdaq, which could spark a boom in new tech IPOs. The market dried up as high interest rates hammered M&A activity, with Arm’s owner Softbank suffering heavy losses as a result.

The company is looking for an eye-watering sum of between $60 billion and $70 billion, but with plenty of risks on the horizon, there’s no guarantee that Arm will get what it wants. Here’s everything you need to know about the upcoming IPO and why some investors might not be jumping for joy.