Apple, Samsung, Intel, and Nvidia will invest in British chipmaker Arm’s world-record IPO, according to a report.
A historic Initial Public Offering (IPO) of British chip design company Arm, a SoftBank Group affiliate, will take place on the Nasdaq in September. The largest IPO of the year, the IPO is anticipated to raise market capitalization of over an incredible $60 billion. According to a Nikkei Asia article, when the company is listed, Apple, Samsung, Intel, and Nvidia will join as investors. The SoftBank Group will formally file its application to the U.S. Securities and Exchange Commission later this month, starting the Nasdaq listing process. The business is continually monitoring investor demand in an effort to further increase…