By Echo Wang and Anirban Sen NEW YORK (Reuters) -Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, is planning to ask investors to pay $47 ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW YORK -Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering next week, people familiar with the matter said on Saturday.
SoftBank could possibly raise this range before the IPO prices, should investor demand prove strong, said the sources, who requested anonymity because the matter is confidential.The valuation Arm is currently seeking represents a climb-down from the $64 billion valuation at which SoftBank acquired the 25% stake in the company it did not already own from its $100 billion Vision Fund last month.
Arm has already signed up many of its major clients as investors in its IPO, Reuters reported on Friday. These include Apple Inc, Nvidia Corp, Alphabet Inc, Advanced Micro Devices Inc, Intel Corp, Samsung Electronics Co Ltd, Cadence Design Systems Inc and Synopsys Inc.
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