Arm Holdings has started trading on the Nasdaq under the ticker"ARM."SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose for a photo at the Nasdaq MarketSite on September 14, 2023 in New York City.started trading on the Nasdaq Thursday morning in a long-anticipated IPO at a share price of $56.10.
Arm Holdings sold around 95.5 million shares on the Nasdaq. Softbank, which took the company private in 2016, will control around 90% of Arm's shares outstanding. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIt's a hefty premium for the British chip company. At a $54 billion valuation, Arm's price-to-earnings multiple would be about 104 based on the most recent fiscal year profit. That's comparable to Nvidia's valuation, which trades at 108 times earnings, but without Nvidia's 170% current-quarter growth forecast.
In a presentation to investors, Arm said it expects the total market for its chip designs to be worth about $250 billion by 2025, including growth in chip designs for data centers and cars. Arm's revenue in its fiscal year that ended in March slipped less than 1% from the prior year to $2.68 billion.
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