The Strategist

Arm files for IPO on Nasdaq

08/23/2023 - 10:03

UK-based chip maker Arm has submitted a registration statement for an initial public offering (IPO) on the Nasdaq exchange.

In a press release, Arm Holdings Limited ("Arm") stated that it has submitted a Form F-1 registration statement to the SEC regarding a planned initial public offering (IPO) of American Depositary Shares ("ADSs"), which represent its common stock.

Arm has submitted an application to list the ADSs under the ticker symbol ARM on the Nasdaq Global Select Market. According to the statement, the quantity of ADSs available and the pricing range are still to be decided.

The registration statement is not yet in effect. Trading of the securities is prohibited until the registration statement is operative.