Early this morning, Arm Holdings, a chip design company owned by Japan's SoftBank Group, officially listed on the Nasdaq.
Arm's IPO price was set at US$51 per share at the top of the recommended range. A total of 95.5 million American depositary shares were issued, raising US$4.87 billion, making it the world's largest IPO this year.
Arm issued under the code "ARM" and its stock price rose 10% to $56.10/ADS after opening. At 00:26 Beijing time, its stock price rose 21.55%, reaching its first peak of $61.99/ADS, and then began to fall in shock.
As of closing, Arm's share price rose 24.69% to US$63.59, with a market value of US$65.2 billion on the first day of listing.
According to IPO documents, cornerstone investors such as AMD, Apple, Cadence, Google, Intel, affiliated entities of MediaTek, Nvidia, Samsung Electronics, Synopsys, and TSMC have each expressed interest in buying a total of $735 million in Arm shares.
In addition, Arm has reached a new long-term agreement with Apple that will extend Apple's partnership using Arm architecture until 2040.