ARM FILES FOR LISTING ON NASDAQ

KUALA LUMPUR, Aug 22 (Bernama) -- Arm Holdings Limited (Arm) announced it has publicly filed a registration statement on Form F-1 with the United States (US) Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of American depositary shares (ADSs) representing its ordinary shares.

In a statement, Arm said it has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.

However, the number of ADSs to be offered and the price range for the proposed offering have yet to be determined.

Raine Securities LLC is acting as financial advisor in connection with the proposed offering, while Barclays, Goldman Sachs & Co LLC, J.P. Morgan and Mizuho are acting as joint book-running managers for the proposed offering.

Building the future of computing, Arm’s energy-efficient processor designs and software platforms have enabled advanced computing in more than 250 billion chips, while its technologies securely power products from the sensor to the smartphone and the supercomputer.

-- BERNAMA