Arm chief executive Rene Haas is looking to use funds generated by the expected IPO to expand the company, hiring more staff and potentially pursuing acquisitions.
The news comes amid speculation over whether the firm will be listed in London and New York exchanges following the sale.
Haas, who took over from previous CEO Simon Segars in February when the sale to Nvidia fell through, told the Financial Times that he wanted to use proceeds from Arm’s upcoming public offering to pursue deals and hire more staff.
The move would potentially position to begin Arm making acquisitions to help further ongoing efforts to move beyond existing strongholds in the mobile and embedded markets and to expand the company’s footprint in the datacenter.
