I would give a LEG to see ARM break the IPO logjam
Alex Wilhelm
7 hours
British semiconductor giant ARM is heading back to the public markets after more than five years of private life. Even better, the company’s note announcing that it filed privately to go public — a draft F-1 listing, in other words — said that it may list in the United States.
Why get so excited about it? Well, the news means ARM could be the dam-breaking domestic IPO we’ve long been waiting for. The American tech IPO market is currently dead in the water and in need of a champion to brave the unknown, and if ARM’s offering performs well, it could encourage other companies to go public, too.
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We’ve covered this before, but to jog your memory: after a busy 2020 and 2021, American tech companies in 2022 suddenly found themselves in a changing market that generally preferred lower valuations for public tech stocks. That resulted in a nigh-complete halt of new IPOs in the U.S. from both domestic tech companies and international firms.
This perceived dearth of liq …
