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UK chip designer Arm valued at $51 a share ahead of Wall Street IPO

The Guardian: Mergers & Acquisitions

British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday. Continue reading.

IPO 75
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Mobiv Acquisition Corp Provides Update on Planned Business Combination with SRIVARU

Global Newswire by Notified: M&A

The Company also reports it has entered into a Lock-Up Waiver, effective September 29, 2023, whereby the underwriter of the Company’s initial public offering agreed to waive certain lock-up restrictions applicable to up to 100,000 shares of Class B common stock held by the Mobiv Pte.

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Minority Equality Opportunities Acquisition Inc. Announces it Will Redeem its Public Shares and Will Not Consummate an Initial Business Combination

Global Newswire by Notified: M&A

(the “Company”) (Nasdaq: MEOA), a special purpose acquisition company, announced today that, since the Company did not complete an initial business combination on or prior to June 30, 2023, the deadline by which the Company must complete an initial business combination pursuant to its Amended and Restated Certificate of Incorporation (the “Amended (..)

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Considerations for Dual-Class Companies Contemplating M&A Transactions

The Harvard Law School Forum

Related research from the Program on Corporate Governance includes The Untenable Case for Perpetual Dual-Class Stock (discussed on the forum here ) and The Perils of Small-Minority Controllers (discussed on the Forum here ) both by Lucian Bebchuk and Kobi Kastiel.

M&A 85
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Exit Strategies for PE Investors

OfficeHours

Initial Public Offering (IPO) One way to exit an investment involves taking the company public through an initial public offering (IPO). An IPO involves offering shares of a privately held company to the public in a new stock issuance.

Investors 100
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Delaware Court Of Chancery Rejects Forum-Selection Charter Provision For Federal Securities Law Claims

Shearman & Sterling

The case involved three corporations that adopted federal forum-selection provisions for Securities Act claims in their respective certificates of incorporation prior to their initial public offerings.

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Delaware Court Of Chancery Rejects Forum-Selection Charter Provision For Federal Securities Law Claims

Shearman & Sterling

The case involved three corporations that adopted federal forum-selection provisions for Securities Act claims in their respective certificates of incorporation prior to their initial public offerings.