Arm Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional American Depositary Shares
CAMBRIDGE, England, September 18, 2023----Arm Holdings plc today announced the closing of its initial public offering of 102,500,000 American depositary shares , representing its ordinary shares, at a price to the public of $51.00 per ADS, including the underwriters’ full exercise of their option to purchase up to an additional 7,000,000 ADSs to cover over-allotments. Arm’s ADSs began trading on the Nasdaq Global Select Market on September 14, 2023, under the ticker symbol "ARM.". Raine Securities LLC acted as financial advisor in connection with the IPO. Barclays, Goldman Sachs & Co. LLC, J.P. Morgan, and Mizuho acted as joint book-running managers for the IPO. Barclays acted as Billing and Delivery Agent, Goldman Sachs & Co. LLC acted as IPO Allocation Coordinator, J.P. Morgan acted as Stabilization Agent, and Mizuho acted as Roadshow Launch Coordinator & Salesforce Presentation Host.Arm technology is building the future of computing. Our energy-efficient processor designs and sof