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    Home /  About /  News And Events /  Client Highlights
    Client Highlights

    S&C Advises SoftBank in $5.23 Billion Arm IPO

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    September 22, 2023

    In the largest IPO of 2023, Arm Holdings (Arm) completed its $5.23 billion initial public offering of American depositary shares (ADSs) and listing on the Nasdaq Global Select Market. The transaction values Arm, which is a subsidiary of SoftBank Group (SoftBank), at approximately $54.5 billion. The IPO generated approximately $5.12 billion in proceeds to SoftBank as the selling shareholder of all ADSs sold in the offering.

    Arm’s IPO was upsized from $4.87 billion following the exercise of the greenshoe in full by the underwriters. Following the offering, SoftBank continues to beneficially own approximately 89.9% of Arm’s outstanding shares.

    Established in 1990, Arm is the world’s leading semiconductor and software design company, whose technology is used in over 99 percent of all smartphones. Use of Arm-based products spans an estimated 70 percent of the global population, from the smallest of sensors to the world’s most advanced supercomputers.

    The S&C team that advised SoftBank as selling shareholder included Keiji Hatano, Robert DeLaMater, Sarah Payne, Vanessa Blackmore, Juan Rodriguez, John Horsfield-Bradbury, John Estes and Dalia Blass.

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    Keiji Hatano Headshot Photo
    Keiji Hatano
    Tokyo
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    Robert G. DeLaMater Headshot Photo
    Robert G. DeLaMater
    New York
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    Sarah P. Payne Headshot Photo
    Sarah P. Payne
    Palo Alto
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    Vanessa K. Blackmore Headshot Photo
    Vanessa K. Blackmore
    London
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    Juan Rodriguez Headshot Photo
    Juan Rodriguez
    London
    +44-20-7959-8900
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    John Horsfield-Bradbury Headshot Photo
    John Horsfield-Bradbury
    London
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    John E. Estes Headshot Photo
    John E. Estes
    New York
    +1-212-558-4349
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    Dalia O. Blass Headshot Photo
    Dalia O. Blass
    Washington, D.C.
    +1-202-956-7594
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