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Will arm IPO value $52 billion?

The Dow gained more than 330 points on Thursday, notching its best day since August as investors cheered the news. SoftBank, which acquired Arm for $32 billion in 2016, will hold on to about 90% of the company’s shares. Arm's IPO could value the chip company at $52 billion. Apple, Google and Nvidia show interest

Who owns ARM Holdings?

Masayoshi Son's SoftBank will own about 90% of the company after the offering. Arm customers, including Apple, Google, Nvidia and Samsung, have said they will buy shares in the IPO. Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City.

How much did arm's net income drop in fiscal 2023?

Net income in fiscal 2023 dropped 22% to $524 million. Arm is riding the wave of excitement around artificial intelligence as it aims to crack open the tech IPO market after a nearly two-year pause.

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