How SoftBank’s Arm Plans to Ride the AI Wave to Biggest IPO of 2023

This year’s biggest initial public offering so far comes from a company unknown to most consumers, though they use its products. Arm Ltd. designs key parts of the chips powering almost every smartphone on the planet. That’s given the Cambridge, UK-based company enormous strategic importance in the technology industry. Yet the performance of Arm’s IPO — expected to reap as much as $10 billion as soon as September, making it the industry’s third-largest ever — may depend on how well …

arm cambridge chips consumers designs importance initial public offering ipo nys:baba planet products public smartphone softbank