UK chip designer set for huge IPO Arm Holdings is counting down to what could become one of the largest ever initial public offerings (IPOs), as the semiconductor designer looks to raise $10 billion by floating on the Nasdaq Exchange LARGEST IPOs IN TECH HISTORY ($ billions) Alibaba 25.0 Meta 16.0 Arm 10.0 Uber 8.1 Kuaishou 6.2 Infineon 5.9 Coupang 4.6 JD 4.5 Meituan 4.2 Anticipated amount raised CEO Rene Haas wants to expand into AI scene Arm: UK-based, owned by Japan’s SoftBank since 2016. Has near monopoly on chips at heart of every smartphone plus host of other devices ranging from electric cars to drones Sources: Bloomberg, TechCrunch, SEC, Arm Illustration source: Web Summit © GRAPHIC NEWS