Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Arm Announces Public Filing for Proposed Initial Public Offering

arm.com

Post reply on HN
Print view View original

91–100 of 279 posts

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#91

Post by senttoschool »

MikusR wrote: post #79
senttoschool wrote: post #16

During the height of the covid tech bubble, Nvidia offered to buy ARM for $40b. Right now, Softbank wants a $60b - $70b valuation when many tech stocks have lost 90%+ and some large caps have lost 30% - 50%. What justifies such crazy increase in value? Also, I believe Nvidia overpaid for the company regardless. Nvidia was willing to pay $40b because they want a world-class CPU design team to integrate their GeForce I…

ARM changed the licensing and now wants % of price of every end device sold.

If it's that simple, they would have done it a long time ago. In reality, many companies have very long-term contracts. For example, Apple may have an indefinite architectural license.

I haven't looked into all their changes in detail but they're not just going to suddenly increase profit without their customers fighting back.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#92

Post by nelsonic »

Thev00d00 wrote: post #5

Bit of a downer for the UK to see them list in the US, I do understand they just want access to the most capital, but I find a shame LSE is not competitive for this kind of thing.

Two reasons: NASDAQ values Tech higher than LSE and inclusion in the Nasdaq-100 will mean funds/indexes have to buy in which will boost the share price. This is the smart choice for Masayoshi Son to maximise ROI.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#94

Post by tibbydudeza »

sschueller wrote: post #61

How long until Apple does a hostile takeover? /s I assume regulators would block a hostile takeover like they would a regular buyout if there are concerns regarding market power?

Why because afaik they have a master IP license in perpetuity to ARM designs and they can chop and change what they want - nothing is stopping them from diverging from ARM reference designs completely and retaining just the instruction set because it is useful to tool vendors and programmers.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#95

Post by phatfish »

DiscoDays wrote: post #29
_fizz_buzz_ wrote: post #24

Earlier quoted context omitted.

Does it make a big difference where a stock is listed? ARM will still be headquartered in the UK.

What does it mean that Arm is headquartered in the UK, practically speaking? What kind of a change would need to happen for, say, the Austin office to become the headquarter?

If I remember one of the original conditions put on the acquisition of ARM by the UK gov was that HQ stays in the UK. So I doubt that will change. Can't say I'm familiar with the tangible benefits, but I assume is exposes ARM to UK law and regulation more than if the HQ was in another country. And retains some jobs in the UK.

There must be some benefit for governments to make such a request.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#96

Post by tibbydudeza »

MikusR wrote: post #79
senttoschool wrote: post #16

During the height of the covid tech bubble, Nvidia offered to buy ARM for $40b. Right now, Softbank wants a $60b - $70b valuation when many tech stocks have lost 90%+ and some large caps have lost 30% - 50%. What justifies such crazy increase in value? Also, I believe Nvidia overpaid for the company regardless. Nvidia was willing to pay $40b because they want a world-class CPU design team to integrate their GeForce I…

ARM changed the licensing and now wants % of price of every end device sold.

Fortunately Apple and Samsung is grandfathered in.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#97

Post by Havoc »

user20230822 wrote: post #53
moconnor wrote: post #48

Earlier quoted context omitted.

The "risks" section is pretty interesting, e.g.: "Arm China is 25% of our revenue, but we have no control over them, they have failed to pay us in the past resulting in us taking on additional costs to recover the money, also we have no way of knowing what they actually owe us and other than what they say, which has already been a problem"

How do they manage IP if they have no control over them? I see a pretty big issue

They don’t. They’re proper rogue and being China there isn’t much you can do about it

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#98

Post by bemusedthrow75 »

sapiogram wrote: post #21
DaiPlusPlus wrote: post #14

Earlier quoted context omitted.

> Bit of a downer for the UK to see them list in the US I wonder to what extent the overarching business culture of the UK (which I'd categorise as being generally apathetical, if not hostile, to the engineering profession) might have anything to do with it. (...speaking as a former UK eng myself)

> which I'd categorise as being generally apathetical, if not hostile, to the engineering profession Any chance you could elaborate on this? Arm exists and is British, after all.

> Arm exists and is British, after all.

Our current government is indifferent to this.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#100

Post by pjc50 »

Fluorescence wrote: post #73
msy wrote: post #45

Earlier quoted context omitted.

The UK has a long intellectual tradition which creates a steady stream of creative and capable engineers. Capital however is predominately held via inherited wealth and its controllers want rentier incomes with low risk. As a consequence there is low appetite for risky new ventures and those that want to undertake them mostly migrate elsewhere. What's left is a stock market dominated by octogenarian+ dianosaurs, a de…

> Capital however is predominately held via inherited wealth Curious to see you prove that beyond an imagined stereotype. It's not as though we are in the first generation of US entrepreneurship and there is not a huge quantity of US inherited wealth in those VC funds. The founders of Intel, Apple, Walmart, Standard Oil etc. have all passed on. And on the other side, it's not like there haven't been a dozen generatio…

Hmm, maybe it will be fun to go through https://en.wikipedia.org/wiki/List_of_British_billionaires_b...

- Dyson: actually an innovator! Made many of the same criticisms of the UK lack of tech strategy. Promoted Brexit, which has made the situation worse by erecting barriers to a key UK market.

- Ratcliffe: owns INEOS: oil refineries. Old school engineering? Or just provision of capital?

- Hinduja: purchaser of Ashok Leyland, which became a huge success once unshackled from disastrous management of British Leyland. Counts as "engineering" but not "tech"?

- Grosvenor, 7th Duke of Westminster: classic aristo landlord. Owns large areas of London.

- Platt: hedge funds.

""The reality is that there is no willingness within the Eurozone to share wealth," he said. "In the United States, if California is having a really difficult time, the rest of the United States will send money to California. This is not the case in Europe." -- https://en.wikipedia.org/wiki/Michael_Platt_(financier) , perhaps a surprising advocate of redistribution

- Coates: gambling. Counts as "tech startup" (bet365)

- Bamford: heir to JCB, the excavator company. "Engineering". Brexiter, as a result of being sued for antitrust by EU

- Branson: definitely self-made, across a large number of different companies. Space billionaire, closest figure to British Musk.

- Currie: also INEOS. Almost no wp bio.

- Reece: also INEOS. Almost no wp bio.

- Cadogan, 8th Earl Cadogan: aristo. Dead.

- Lewis: trader. Like Soros, profited from Black Wednesday. Under arrest in Manhattan.

- Reuben: metals. Seem to have made a killing from 90s Russia.

- Graff: diamonds. Looks like classic self-made from nothing story?

- Calder: Jive records.

- Morris: Home Bargains. Wildly successful discount shopkeeper.

(you know who's NOT on this list? Anyone to do with ARM. Even Hermann Hauser appears to have only £150m net worth)

Post reply on HN