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· Posted on
February 21, 2024

Arm's IPO makes it the biggest chip off the old block since 2021

Arm's latest IPO is the biggest US public listing since 2021.

What's the key learning?

  • Arm's latest IPO officially values the company at $65 billion USD.
  • 2023 has been called the worst market conditions for US IPOs since 1990.
  • Arm's IPO may give confidence for tech companies that have been waiting to go public.

👉 Background: Arm is a UK-based chip design and software company that started in 1990. Arm reckons that its tech is in the pocket of around 70% of the world's population because its designs are in Apple, Samsung, and Google chips.

👉 What happened: Late last week, Arm re-IPO-ed on the Nasdaq and they finished the first day with a massive 25% boost in their share price, which now officially values the company at $65 billion USD.

👉 What else: This makes Arm's IPO the biggest US public listing since 2021. And, it might rally up some new IPO excitement after a quiet season.

What's the key learning?

💡Everyone wants to join the dance, but no one wants to be first on the floor. After high interest rates, it hasn't been the best year for the valuations of many tech companies.

💡In fact, 2023 has been called the worst market conditions for US IPOs since 1990. But Arm's IPO may give confidence for tech companies that have been waiting to go public. Think: Stripe, Discord, Instacart or SpaceX.

💡 And who knows, IPO success in the US might bring in a busy Aussie IPO season soon too.

‍

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