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Arm本週上市!目前認購已超10倍,投行或提前一天停止認購、調高定價
格隆匯 09-12 09:41

作為年內最大的半導體企業IPO,軟銀控制的芯片設計公司Arm受到資本市場廣泛關注。

據悉,Arm將於本週上市,目前正在進行前期認購。不過,由於需求火爆,可能導致投行提前一天結束認購。

據外媒報道,知情人士透露,Arm的認購已經超過10倍,投行計劃在週二下午之前停止接受認購,即提前一天結束。企業在首次公開募股時提前停止認購併不罕見,這通常表明需求強勁。

此前文件顯示,Arm的10家客户——包括蘋果、英偉達、AMD、谷歌、英特爾、聯發科、台積電、新思科技和Cadence Design已經同意成為此次發行的基石投資者,並表示有興趣購買高達7.35億美元的ADS。

接下來,Arm預計於9月14 日 ( 週四 ) 正式上市交易。

估值或超545億美元

知情人士補充稱,Arm的股票預計仍將在週三定價,可能會接近每股47美元至51美元的初始區間的頂端,甚至更高。

如果以區間頂端計算,此次IPO將為Arm的母公司軟銀籌集49億美元,在完全稀釋的基礎上,該公司的估值為545億美元。

不過,該估值仍低於軟銀的預期。軟銀計劃通過納斯達克上市出售其在Arm約10%的股份,原本希望這筆交易能給Arm帶來高達700億美元的估值。

不過,知情人士也警吿稱,價格仍有待確定。對於上述消息,Arm拒絕置評。

未來業績靠AI?

由於手機市場低迷,Arm最近一個財年業績表現與前一財年近乎持平。財報顯示,Arm2023財年收入為26.8億美元,低於2022財年的27億美元;淨利潤為5.24億美元,低於前一財年的5.49億美元。

但Arm預計,在人工智能繁榮的推動下,收入將加速增長。在其針對投資者路演中,Arm預計,受數據中心和人工智能芯片需求的推動,預計2024財年收入增長11%,2025財年收入增長20%左右。

在路演期間一段視頻中,軟銀旗下芯片設計師的首席執行官Rene Haas表示:“人工智能將無處不在,一切都在Arm上運行。”

Hass表示,人工智能浪潮有望推動英偉達今年的估值達到1.2萬億美元。

Arm負責人也在總結時表示:“我們的機會是無限的,因為今天的一切都是計算機,隨着人工智能時代的到來,世界的計算需求是永不滿足的。”

英偉達創始人兼CEO黃仁勛也出現在Arm的路演視頻中,他介紹,英偉達新推出的Grace Hopper AI超級芯片“如果不是因為Arm架構的性質、Arm CPU令人難以置信的性能和IP商業模式,就不可能實現”。

參加Arm路演的人士還透露,Arm高管預計,在2023財年經歷了一個平穩的年份後,收入增長將加速,因為它增加了智能手機制造商支付的版税。

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