SoftBank-backed Arm's IPO Values Company at $54.5 Billion
TL;DR Summary
Chip designer Arm Holdings Plc, owned by SoftBank Group Corp, secured a $54.5 billion valuation in its U.S. initial public offering (IPO), pricing its shares at $51 each. This IPO represents a climb-down from the $64 billion valuation at which SoftBank acquired the company last month. Arm's major clients, including Apple, Nvidia, Alphabet, AMD, Intel, and Samsung Electronics, have invested in the IPO. Arm aims to expand beyond the mobile phone market, which it dominates, and tap into the growing cloud computing and automotive markets.
- SoftBank's Arm valued at $54.5 bln in year's biggest IPO Reuters
- Arm prices IPO at $51 per share, valuing company at over $54 billion CNBC
- ARM IPO: What you need to know CNBC Television
- Arm’s $55 billion initial public offer may not be what it seems | Mint Mint
- SoftBank-backed Arm prices shares at $51 apiece ahead of IPO Financial Times
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