ARM oversubscribed by 10x! Will you buy into it?
@IPO_Focus:
The largest IPO in the US is coming from $Softbank Group Corp(SFTBY)$ , with its subsidiary, $ARM Holdings Ltd(ARM)$ .According to the submitted documents, the IPO price range is between $47 to $51 per share, with a market valuation ranging from $48.2 billion to $52.3 billion.Recently, it has been reported by insiders that $ARM Holdings Ltd(ARM)$ is already oversubscribed by more than ten times. It is likely to increase its pricing range, and the valuation may exceed $54.5 billion.Introduction to $ARM Holdings Ltd(ARM)$ Read more:Dive in ARM IPO: 8 Points T