What’s set to be the biggest initial public offering of 2023 comes from a company unknown to most consumers, though they use its products. Arm Ltd. designs key parts of the chips powering almost every smartphone on the planet. That’s given the Cambridge, UK-based company enormous strategic importance in the technology industry. The IPO, expected to value the company at between $60 billion and $70 billion, is likely to draw in some of its biggest customersas anchor shareholders, and even some competitors, all keen to uphold the neutrality that’s vital to Arm’s success.
1. What does Arm do?
Arm ...
