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ARTICLE · 27 SEPTEMBER 2023

NVIDIA Corporation Invests In Arm's IPO

Barclays, Goldman Sachs & Co., J.P. Morgan and Mizuho acted as joint book-running managers for the IPO.

United StatesTechnology

Palo Alto – September 18, 2023 – Cooley advised NVIDIA Corporation, a pioneer in accelerated computing and artificial intelligence, regarding its investment in the initial public offering of Arm, a semiconductor and software design company. Partners Eric Jensen, John McKenna, Natalie Karam and Alex Kassai led the Cooley team.

Arm offered 102,500,000 American depositary shares (ADSs) representing ordinary shares at a price to the public of $51 per share, which included the full exercise of the underwriters' option to purchase up to an additional 7,000,000 ADSs, raising an aggregate of $5.2 billion in gross proceeds.

Barclays, Goldman Sachs & Co., J.P. Morgan and Mizuho acted as joint book-running managers for the IPO.

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