SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per share on Wednesday afternoon in a meeting with its investment bankers, a person familiar with the matter said.
was discussing pricing its U.S. initial public offering at $52 per share on Wednesday afternoon in a meeting with its investment bankers, a person familiar with the matter said.
If this pricing is finalized, it would be above Arm's indicated $47-$51 price range and would raise $4.97 billion for SoftBank, based on 95.5 million shares sold. It would infer a valuation on Arm on a fully diluted basis of $55.5 billion, making it the largest stock market debut since electric car maker Rivian Automotive IncThe source requested anonymity because the deliberations are confidential. Arm did not immediately respond to a request for comment. The Wall Street Journal reported earlier that Arm was preparing to price its IPO at $52 per share.
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