Arm server processor startup Ampere files for IPO

Arm server processor startup Ampere files for IPO

Business news |
By Peter Clarke

ARM-based server processor provider Ampere Computing LLC has filed for an initial public offering of stock on a confidential basis.

Ampere was founded in October 2017 by Renee James, a former president of Intel Corp., who serves as CEO and chairman of the company. The number of shares and price range have not been set. Ampere said it expects to complete the IPO following the Securities and Exchange Commission process and subject to market and other conditions.

Ampere is backed by investment firm Carlyle Group and includes Arm Ltd. among its investors. However, one of the biggest shareholders is thought to be computer company Oracle Corp. Oracle has reportedly invested almost half a billion dollars over several years to give it more than a 20 percent stake in the business.

James also sits on the board of directors of Oracle.

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