Arm return to the public market: The future of computing
For more than 30 years, Arm has been a leader in the design and manufacturing of power-efficient CPUs. Today, Arm’s compute platforms are some of the most power-efficient on the planet harnessing the next generation of smart, AI-capable, visually immersive and autonomous technology to push the thresholds of performance.
Arm’s manufactured products are used in a variety of industries from the smartphone to vehicles and data centres. Arm believes that it is its unique combination of performance and efficiency that enables it to change the world by fueling the smartphone revolution.
“Together, we have built the world’s largest compute and software ecosystem based on the most pervasive CPU architecture in history,” commented Rene Haas, CEO, Arm.
“As CEO of Arm, it is our opportunity to bring AI to everyone, everywhere and that excites me most. 70% of the world’s population relies on Arm technology today, putting us in a unique position to advance AI across all devices. And, as a public company, Arm is in a stronger position to strengthen our already talented engineering team and invest in more AI opportunities.”
Arm closes its initial public offering
Following the company’s announcement of returning to the public market, Arm has closed its initial public offering (IPO) of 102,500,00 American depositary shares (ADSs). The ADSs’ represented its ordinary shares to the public at a price of US$51 per ADS. The ADSs began trading on the Nasdaq Global Select Market (Nasdaq) on September 14, 2023.
Haas added: “More than 250 billion Arm-based chips have shipped to date, making Arm CPUs the brains of everything. This shared success stems from the Arm DNA, born of designing high-performance, yet power-efficient processors for products that run off batteries.
“These design principles are why Arm-based chips have powered more than 99% of the world’s smartphones for more than a decade. And today, it is why the Arm going public in 2023 looks much different than the one SoftBank took private in 2016, as every end market requires greater power efficiency combined with more performance.”
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