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FGS Global handles Arm Holdings, the British semiconductor design company, that filed for an IPO on Aug. 21.
The filing values Arm at $64B, which would be the biggest IPO since Rivian electric vehicle maker’s $70B listing two years ago.
Nvidia offered to buy Cambridge-based Arm 18 months ago for $40B but the Federal Trade Commission sued to thwart the deal. Japan’s Softbank Group bought Arm for $32B in 2016.
Arm reported $2.7B in revenues and $524M profit for the fiscal year ended March. China accounts for about 25 percent of the company’s revenues.
Arm’s designs are used in 99 percent of the world’s smartphones, according to the prospectus.
The company’s stock will trade on the NASDAQ.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
