Arm climbs 10% in Nasdaq debut after pricing IPO at $51 a share
Summary by Ground News
Shares of SoftBank's Arm Holdings (ARM.O) opened 10% above their offer price in their Nasdaq debut on Thursday. The chip designer was taken private in 2016 for $32 billion by SoftBank (9984.T), which still holds a 90.6% stake. Arm's listing is being closely watched for signs of a revival in the IPO market.
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Reuters
SoftBank's Arm jumps 10% in market debut to notch $60 bln valuation
Shares of SoftBank's Arm Holdings opened 10% above their offer price in their Nasdaq debut on Thursday, giving the chip designer a valuation of nearly $60 billion in its return to the public markets after seven years.
Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021
Shares of U.K. chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years. The shares closed
Arm Holdings is valued at $54.5 billion in biggest initial public offering since late 2021
U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years
Arm Holdings shares rise 10% in biggest initial public offering since late 2021
By DAMIAN TROISE and YURI KAGEYAMA
AP Business Writers NEW YORK (AP) — Shares of U.K. chip designer Arm Holdings are up 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years. The shares opened at $56.10 on the Nasdaq Thursday after having been priced at $51. The offering price gave Arm a market value of $54.5 billion. Most consumers use at least one product that contains Arm’s chips, though…
Arm Holdings is valued at $54.5 billion in biggest initial public offering since late 2021
NEW YORK (AP) — U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly […]