(Reuters) - SoftBank's chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected to be the biggest test for the U.S.
Arm priced its offering of 95.5 million American Depositary shares at $51 apiece, fetching $4.87 billion for SoftBank at a valuation of $54.
5 billion, with participation from cornerstone investors including Apple, Intel and Alphabet. Hopes of a revival in the IPO market largely depend on the success of the high-profile listings of Arm and other marquee startups, including grocery delivery firm Instacart and marketing firm Klaviyo.Share story:
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SoftBank's Arm set to debut on Nasdaq after blockbuster IPOArm priced its offering of 95.5 million American Depositary shares at $51 apiece, fetching $4.87 billion for SoftBank at a valuation of $54.5 billion, with participation from cornerstone investors including Apple, Intel and Alphabet. Hopes of a revival in the IPO market largely depend on the success of the high-profile listings of Arm and other marquee startups, including grocery delivery firm Instacart and marketing firm Klaviyo. Barclays, Goldman Sachs, JPMorgan Chase and Mizuho Financial Group are the lead underwriters.
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SoftBank’s Arm set to debut on Nasdaq after biggest IPO since 2021Chip maker is set to be the biggest test for the U.S. IPO market after a listing drought that lasted for nearly 16 months
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SoftBank's Arm discusses pricing IPO at $52 per share-sourceNEW YORK (Reuters) - SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per ...
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Exclusive-SoftBank's Arm prices IPO at $51 per share-sourcesBy Echo Wang and Anirban Sen NEW YORK (Reuters) - SoftBank Group Corp's chip designer Arm Holdings Plc priced its U.S. initial public offering (IPO) at ...
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How SoftBank played it safe in pricing Arm's IPOBy Echo Wang and Anirban Sen (Reuters) - SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in ...
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How SoftBank played it safe in pricing Arm's IPOSoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings. Arm's blockbuster initial public offering (IPO) was oversubscribed by 12 times, and could have been priced at $52 per share, above the indicated range of $47 to $51, people familiar with the matter said. But the bankers, who had huddled at the offices of SoftBank's financial advisor Raine Group, argued it was better to leave the additional $1 per share -- equivalent to about $1 billion in value -- on the table.
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