New York, NY, September 19, 2023 – On September 18, 2023 (U.K. time), Arm Holdings plc (“Arm”), a subsidiary of SoftBank Group Corp. (“SBG”), announced the closing of the initial public offering (the “IPO”) of 102,500,000 American depositary shares (“ADSs”), representing its ordinary shares, at a price to the public of $51.00 per ADS, including the underwriters’ full exercise of their option to purchase up to an additional 7,000,000 ADSs to cover over-allotments. Arm’s ADSs began trading on the Nasdaq Global Select Market on September 14, 2023, under the ticker symbol “ARM.” All of the ADSs in the IPO were sold by Kronos II LLC, an indirect wholly-owned subsidiary of SBG.
In the six-month period ending September 30, 2023, SBG expects to receive the proceeds from the disposal of $5,123 million, after the underwriting discount and commissions but before the payment of expenses. Since Arm will continue to be a subsidiary of SBG, the gain on the disposal will not be recorded in the consolidated statement of profit or loss in SBG’s consolidated financial statements. The amount equivalent to the gain on the disposal will be recorded as capital surplus in the consolidated statement of financial position.