SoftBank’s Arm seeks IPO valuation of nearly $52 billion

SoftBank’s (OTC:) chipmaking business Arm plans to offer about 95.5 million America Depository Shares (ADS), according to an amended filing.

Arm is seeking a valuation of more than $52 billion in its initial public offering (IPO).

Arm priced its shares in a range between $47 and $51 per share. Based on these prices, the chipmaker seeks to raise up to $4.87B in IPO.

Following the completion of this offering, SoftBank (TYO:) is anticipated to own approximately 90.6% of Arm’s outstanding ordinary shares, or 89.9% if the underwriters exercise in full their option to purchase additional ADSs from the selling shareholder.

Several prominent entities, including Advanced Micro Devices (NASDAQ:), Apple (NASDAQ:), Google (NASDAQ:), Intel (NASDAQ:), Nvidia (NASDAQ:), and Samsung (KS:) Electronics (OTC:), have expressed interest in potentially acquiring up to a total of $735 million worth of ADRs offered in this IPO.