Sale of all Arm shares to NVIDIA and NVIDIA’s transition to a strategic shareholder
First written in FY2021-Q2. 3 of 8 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2AchievedAnnual report
「On 14 September 2023, Arm completed its listing on the Nasdaq Global Select Market under the ticker symbol “ARM” in the IPO.」
Regarding Arm’s exit strategy after termination of the sale agreement with NVIDIA, the IPO on Nasdaq was completed. Arm has remained a consolidated subsidiary after the listing. - FY2024-Q1AdvancedAnnual report
「Arm announced in April 2023 that it had confidentially submitted to the US Securities and Exchange Commission a draft registration statement on Form F-1 concerning a proposed initial public offering of American depositary shares (ADSs) representing its ordinary shares (the “IPO”).」
Preparations for Arm’s listing progressed to a concrete procedural stage with the confidential submission of a draft Form F-1 registration statement to the US Securities and Exchange Commission. - FY2023-Q3AdvancedAnnual report
「2 new independent directors were appointed in December 2022. As of the end of December 2022, 4 of the 8 directors were independent directors.」
Preparations for Arm’s listing progressed through the appointment of 2 new independent directors, strengthening the management structure so that 4 of the 8 directors were independent directors. - FY2023-Q2AdvancedAnnual report
「3. Continuing preparations for the stock market listing 2 new directors were appointed in September 2022, and 1 new director and a new CFO were appointed in November of the same year.」
Preparations for Arm’s listing progressed through the appointment of new directors and a CFO, concretely strengthening the management structure in anticipation of the listing. - FY2023-Q1RestatedAnnual report
「3. Preparations under way for the stock market listing」
Regarding Arm’s exit strategy after termination of the sale agreement with NVIDIA, the policy of preparing for a stock market listing remained in place, but no new completion milestone was stated for the quarter. - FY2022-Q3ReframedAnnual report
「In light of regulatory issues, the parties agreed to terminate this agreement on 8 February 2022. The Company and Arm will now prepare for Arm’s listing during fiscal 2022.」
Arm’s exit strategy was restructured from selling all shares to NVIDIA and establishing a strategic shareholder position to preparing for a stock market listing during fiscal 2022 after termination of the sale agreement. - FY2021-Q3RestatedAnnual report
「Following completion of the transaction, the Company will remain committed to Arm’s long-term success as a strategic major shareholder of NVIDIA and will work to increase NVIDIA’s value and, in turn, further enhance shareholder value for the Company.」
The policy of pursuing a combination with NVIDIA rather than a standalone relisting of Arm, and the intention to contribute to value creation as a major NVIDIA shareholder after completion of the transaction, were reaffirmed. - FY2021-Q2First statedAnnual report
「On 13 September 2020 (US time), SBGC, SVF1 and NVIDIA entered into a definitive agreement for SoftBank Group Capital Limited, a wholly owned subsidiary of the Company, and SVF1 to sell all shares of Arm, a wholly owned subsidiary of the Company, to US semiconductor manufacturer NVIDIA Corporation in a transaction valued at up to US$40 billion, or approximately ¥4.2 trillion.」
A definitive agreement was signed to sell all Arm shares to NVIDIA. The consideration included US$2 billion in cash at signing, US$10 billion in cash and US$21.5 billion in NVIDIA shares at closing, and an earn-out of up to US$5 billion. Completion was expected to take approximately 18 months. Following completion, the Company was expected to hold approximately 6.7% to 8.1% of NVIDIA’s outstanding shares.