SoftBank-backed arm prices IPO at $51 a share
Arm Holdings has priced its IPO at the top end of its range, raising $4.87 billion in the largest listing of the year. The chip designer, owned by SoftBank, sold 95.5 million American depositary shares for $51 each. After the IPO, SoftBank will still control about 90% of the company's shares. Arm's IPO could be a catalyst for other tech startups and companies planning to go public in the US. The shares are expected to begin trading on the Nasdaq…
UK chip designer Arm valued at $51 a share ahead of Wall Street IPO
British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBankThe British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday.The company, owned privately by Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softban…
SoftBank's Arm discusses pricing IPO at $52 per share-source
SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per share on Wednesday afternoon in a meeting with its investment bankers, a person familiar with the matter said.
Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market
The firm, which has its headquarters in Cambridge and employs 2,800 staff, is an important cog in the technology sphere as its processor designs are used in the vast majority of the world's smartphones.
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