Arm Holdings plc said in an updated filing with the United States Securities and Exchange Commission (SEC) on Tuesday that Advanced Micro Devices, Inc. (AMD), Apple Inc., Cadence Design Systems, Inc., Google International LLC, Intel Corporation, MediaTek Inc.’s affiliated entities, NVIDIA Corporation, Samsung Electronics Co., Ltd., Synopsys, Inc. and TSMC Partners, Ltd. "severally and not jointly" expressed interest in buying up to an aggregate of $735 million of the chipmaker's shares offered at its initial public offering (IPO).
The company added that its current owner SoftBank Group Corp. is set to own approximately 90.6% of its outstanding ordinary shares after the IPO. Arm also said it estimates its IPO price at between $47 and $51, which would value the company at up to $54.5 billion.
Arm is expected to start trading on the Nasdaq exchange on September 14.
