Arm Is Expected to Price IPO at Top End of Range or Higher

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Arm Is Expected to Price IPO at Top End of Range or Higher

Bloomberg2023-09-13

Arm Holdings Ltd. is expecting to price its initial public offering at the top end of its range or even higher, according to people familiar with the matter.SoftBank Group Corp, which owns Arm, and ...

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The share sale is expected to take place Wednesday with the shares set to begin trading on the Nasdaq Thursday.The deal is already oversubscribed by more than 10 times, Bloomberg News previously reported, and bankers stopped taking orders Tuesday.A representative for Arm declined to comment.Arm filed for its IPO at $47 to $51 a share, which could value the company at $54.5 billion at the high end of the range.Reuters reported earlier on Tuesday that Arm would only accept the top end of its range or higher.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}