Arm's Nasdaq debut sets valuation at $64.1 billion
TL;DR Summary
SoftBank's Arm Holdings is expected to achieve a valuation of up to $64.1 billion in its Nasdaq debut, surpassing its IPO price of $51 per share. The chip designer, which was taken private by SoftBank in 2016, has been looking to cash out some of its stake and had previously attempted a $40 billion deal with chipmaker Nvidia. Arm's return as a public company comes after SoftBank acquired the remaining 25% stake it did not own, valuing the company at $64 billion. The IPO raised $4.87 billion for SoftBank, and the company still holds a 90.6% stake in Arm.
- SoftBank's Arm eyes up to $64.1 bln valuation in likely stellar Nasdaq debut Reuters
- Arm prices IPO at $51 per share, valuing company at over $54 billion CNBC
- ARM IPO hype may not sustain its first day pop in valuation CNBC Television
- Arm’s $55 billion initial public offer may not be what it seems | Mint Mint
- Stock Market Today: Dow Opens Higher After Retail Sales, PPI; Arm Set to Start Trading in IPO; Ford, GM, and Other Movers Barron's
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
4 min
vs 5 min read
Condensed
89%
918 → 99 words
Want the full story? Read the original article
Read on Reuters