The sources said that the company hopes to raise $8 billion at a valuation of at least $50 billion. This is a significantly higher value than when Nvidia signed the deal for its purchase in September 2020 for a sum of about $44 billion, but lower than the deal reached before its cancellation, when Nvidia’s stock was at its peak and therefore the shares promised to ARM owners increased the value of the transfer to about $66 billion . However, it is important to remember that since then an economic crisis has come, so it is very logical that the current target price will be close – if not lower – to the one that was attached to the company at the height of the growth of high-tech companies when the world needed them more than ever.
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At the same time, the Australian financial newspaper Australian Financial Review reported yesterday that the company has already selected four banks to manage the IPO process: Goldman Sachs and JP Morgan Chase in the United States, Barclay’s in Britain, which is physically close to it, and Mizoho, which is close to its current owner, the investment giant Softbank. The IPO documents are expected to be submitted at the end of next month, apparently with the intention of carrying out the IPO in the second half of the year.