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SoftBank's Arm IPO six times oversubscribed, Telecom News, ET Telecom

Arm IPO: That price range values Arm at $50 billion to $54.5 billion on a fully diluted basis. This would represent a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from the $100 billion Vision Fund it manages.
United States Anirban Sen Vision Fund Arm Holdings Plc Softbank Group Corp Echo Wang

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Arm IPO: Arm touts cloud computing expansion, royalties to IPO investors, ET Telecom

Arm IPO: While some investors and bankers that Reuters spoke with after the presentation were upbeat, it remained unclear how strong the IPOs reception would be. Arm has already secured the participation of several customers, including Apple Inc , Nvidia Corp and Alphabet Inc, as investors in the IPO. It is scheduled to close the books and price the offering on Sept. 13.
United States New York Svea Herbst Bayliss Ryuta Makino Rene Haas Nvidia Corp

SoftBank's Arm IPO currently six times oversubscribed-source

Arm Holdings Plc, the chip designer owned by SoftBank Group Corp that is seeking roughly $5 billion in its stock market debut, has seen investor demand that is six times the amount it is asking for, people familiar with the matter said on Friday. While the oversubscription does not guarantee a strong performance for Arm's blockbuster U.S. initial public offering (IPO), it makes it more likely that the company will at least reach its targeted price range of $47 to $51 per share, the sources...
New York United States Greg Roumeliotis Vision Fund Arm Holdings Ltd Softbank Group Corp
Source: yahoo.com

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