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Exclusive-Arm to fetch at least $54.5 billion valuation in IPO-source

NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price range in its initial public offering, which would command a $54.5 billion valuation on a fully diluted basis, a person familiar with the matter said on Tuesday. After reviewing investor commitments on Tuesday, Arm decided it will only accept the top end of its indicated $47-to-$51-per-share range, or a price that is even higher, the source s...
New York United States Svea Herbst Bayliss Greg Roumeliotis Softbank Group Corp Echo Wang
Source: yahoo.com

Analysis-For retail investors, jumping on Arm's blockbuster IPO is a risky business

Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed. Since Arm, owned by Japan's SoftBank Group's, is not well-known amo...
United Kingdom New York United States Anirban Sen Richard Chang Jay Ritter
Source: yahoo.com

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