Tech company Arm is planning on a valuation range between $50 billion and $55 billion in its initial public offering (IPO), the Financial Times reported on Saturday. People familiar with the matter said that Arm's clients such as Apple, Samsung, Intel and Nvidia will be taking part in the listing and that it has "discussed potential investments with some of its customers in the car industry."
The chip design company will reportedly start its IPO roadshow next week. However, it is still hoping it could get a better valuation than its target range, a source said, as its preliminary meetings with investors have "gone well."
