Netflix Subscriptions Increased By 8% as Password-Sharing Crackdown Takes Hold

Netflix Subscriptions Increased By 8% as Password-Sharing Crackdown Takes Hold

ARM which is a UK based chip company is expected to be valued at up to $52 billion, making it one of the largest tech IPOs in recent years.

The company begins trading on the Nasdaq on Thursday, so investors are weighing the potential pros and cons of investing in the company.

The IPO of Arm is a significant development for the UK’s tech sector and is viewed as evidence of the nation’s growing significance in the world’s semiconductor market. Including smartphones, tablets, and data center servers, Arm’s processors are found in billions of devices worldwide.

The stock was priced at $51 a piece, above the range reported to potential investors.

This makes the sale the largest initial public offering (IPO) of the year.

The company’s initial public offering (IPO) is also a vote of confidence in the UK economy, which has been struggling recently as a result of Brexit and the COVID-19 pandemic. The listing of Arm is anticipated to generate billions of pounds for the business and its shareholders, as well as potentially bolster the UK stock market.

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Arm was purchased by the Japanese conglomerate SoftBank in 2016 for $32 billion. Arm’s headquarters are still in Cambridge, and the business is still based there. SoftBank itself was hoping for a higher valuation because last month SoftBank bought a 25 percent stake in Arm it didn’t own for $64 billion.

Arm processors are known for their low power consumption and high performance. This makes them ideal for use in mobile devices where battery life is a major concern. CPUs are becoming increasingly popular in data centers and other high-performance computing applications.