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SoftBank's Arm eyes up to $64.1 bln valuation in likely stellar Nasdaq debut

September 14, 2023
Source: reuters.com reuters.com
News Snapshot:
A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Sept 14 (Reuters) - SoftBank's Arm Holdings (ARM.O) was set to fetch a valuation of up to $64.1 billion in its Nasdaq debut on Thursday, as shares of the chip designer were set to blow past their offer price. Its stock was indicated to open at $60 per American Depositary Share versus the initial public offering (IPO) price of $51. The company had secured a valuation of $54.5 billion on Wednesday after pricing...
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