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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 said.

By Echo Wang NEW YORK (Reuters) - Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp that is seeking roughly $5 billion in its initial p...

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 said. This would represent a climb-down from the $64 billion valuation at which SoftBank last mont...

SoftBank Group Corp's Arm Holdings Plc on Thursday told potential investors in its roughly $5 billion initial public offering that cloud computing expansion and royalty revenue represented major growth areas for the chip designer. In a gathering of more than 100 investors at one of New York's most luxurious hotels, Arm Chief Executive Rene Haas and his management team gave details on the company's prospects beyond the mobile phone market, of which it already commands a 99% share, people who were in attendance said. Weak mobile demand during a global economic slowdown has cause...

By Echo Wang and Anirban Sen NEW YORK (Reuters) - Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, began its marketing roadshow for i...