Nasdaq Ipo News Today

Arm Holdings Plc., a British chip designer owned by Japanese investment conglomerate SoftBank Group Corp., debuts on the U.S. Nasdaq stock exchange, becoming the largest U.S. initial public offering this year with a market capitalization of over $65 billion.

Approximately 10 tech heavyweights are engaged in discussions with Arm regarding potential investments in advance of its NASDAQ IPO.

Pine Labs, the merchant commerce platform, hired investment bank Morgan Stanley to manage the proposed initial share sale and is looking to raise as much as $1 billion through a mix of primary and secondary stake sales, the people cited above said, requesting anonymity