Arm Holdings, a chip designer that supplies core technology to companies including Apple and Nvidia, priced its initial public offering (IPO) at $51 a share.
It was the biggest IPO of the year giving the company a valuation of $54.5 billion.
Arm, based in the UK, provides chip designs to various semiconductor manufacturers, where its technology is used in 99% of mobile processors worldwide.
It also has many important 'customers', including Apple, Google, Nvidia, Samsung, AMD, Intel and Taiwan Semiconductor Manufacturing Company (TSMC).
The company said in a press release that it will begin trading on Thursday under the symbol ARM.
It lists at least 95.5 million American depositary shares on the Nasdaq, and its owner, Softbank will control about 90% of the company's outstanding shares.
Softbank Group acquired the privately held company in 2016 for $32 billion.
While the world is still in the wave of artificial intelligence (AI), Arm also does not miss the opportunity to join the world of new technology.
In a presentation to investors, Arm officials said the company has room to expand beyond smartphones and wants to design more chips for data centers and AI applications.
The company expects the total market for chip design to be worth about $250 billion by 2025.
