) announced it will be pivoting its business ahead of its IPO debut on Wednesday, according to Bloomberg. The report notes the company's original model was to design chips in a direct business-to-business approach, but the company is now offering more specific products and charging higher royalties. Yahoo Finance Live discusses the report’s findings and gauges investor sentiments ahead of the listing.We also got to talk about Arm this morning.
The company is seeking as much as $54.5 billion dollars at tomorrow's IPO. And what that should signal to many people out there and investors for this company that has a 10 times oversubscribed IPO already is that they're going to be really focusing in on where those large B2B purchases are at right now.
So Arm really trying to make the investor case here for the company why it could potentially maybe even be valued beyond that $54.5 billion, which they initially started the week. Looking at whether or not that comes to fruition, we are going to see. But they're trying to say that, hey, this is a lot more than just smartphones.