Intel has sold its $1.18 million stake in British semiconductor company Arm.
Disclosed in a regulatory filing, Intel reportedly raised an estimated $146.7 million from the sale based on Arm’s average stock price between April and June, according to calculations by Reuters.
Arm debuted on the Nasdaq Fund Network in September last year, ending its first day of trading at $63.59 following an IPO price of $51. It was the fifth most traded stock in the world during its debut.
