ARM is set to return to the public markets with a massive IPO on Thursday.
The SoftBank-owned chip designer has built its success offering designs to smartphone makers.
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The chip designer, which has been privately owned since being bought for $32 billion by Japanese conglomerate SoftBank in 2016, has priced its shares at $51 .
However, a slowdown in the smartphone market, where growth has become increasingly stagnant in recent years, has led ARM to explore new growth opportunities.
Persons:
Masayoshi Son
Organizations:
Service, ARM, NASDAQ, Apple, SEC, Nvidia
Locations:
Wall, Silicon, Cambridge