Chip designer Arm files for long-awaited IPO

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Chip designer Arm files for long-awaited IPO
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Arm Holdings Ltd. filed late Monday for a long-awaited initial public offering, moving an IPO closer to reality following last year's failed bid by Nvidia.

Arm Holdings Ltd. filed its long-awaited initial public offering late Monday, following last year’s failed bid by Nvidia Corp. to acquire the U.K.-based chip architecture company.

In a late Monday filing with the Securities and Exchange Commission, Arm said it was offering to list its U.S. traded shares on the Nasdaq under the ticker symbol “ARM.”

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