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Arm's IPO values chip designer at $54.5 billion
Financial Express Mumbai
|September 15, 2023
SOFTBANK GROUP CORP. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year's biggest initial public offering, while resisting the temptation to try for more.
A smooth trading debut from the chip designer on Thursday could help revive a weak IPO market and provide a boost for upcoming listings from companies like Instacart Inc. and Birkenstock Holding Ltd.At the IPO price, Armis valued at about $54.5 billion, according to Bloomberg News calculations.
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