"Arm's IPO Set to Soar with $55 Billion Valuation"
TL;DR Summary
Chip designer Arm, owned by SoftBank, is set to secure at least the top end of its price range in its initial public offering (IPO), giving it a valuation of $54.5 billion on a fully diluted basis. Arm received enough backing from investors to justify pricing its IPO above the indicated range, and the shares are scheduled to start trading in New York on Thursday. This valuation represents a climb-down from the $64 billion valuation at which SoftBank acquired the company last month. Arm has already secured major clients as cornerstone investors, including Apple, Nvidia, Alphabet, AMD, Intel, and Samsung.
- Arm to fetch at least $54.5 billion valuation in IPO, a source says Reuters
- Arm, a British Chip Designer, Juggles Challenges Before 2023's Biggest I.P.O. The New York Times
- After Nvidia's 200% rally this year, investors look to the Arm IPO — but the two are very different CNBC
- Arm’s $55 billion initial public offer may not be what it seems | Mint Mint
- Arm IPO: $55 Billion Valuation Will Reap Handsome Banker Fees Bloomberg
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