SoftBank s Arm valued at US$54 5b in year s biggest IPO thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Arm To Fetch At Least $54 5 Billion Valuation In Ipo menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
NEW YORK: SoftBank Group Corp's chip designer Arm Holdings priced its US initial public offering (IPO) at US$51 per share on Wednesday afternoon at the top end of its indicated price range, people familiar with the matter said. The IPO raised US$4.87 billion for SoftBank based on 95.5 million shares sold.
Arm IPO: Yet even with this lower valuation, SoftBank fares better than its $40 billion deal to sell Arm to Nvidia Corp, which it abandoned last year amid opposition from antitrust regulators.
The IPO at a $54.5 billion valuation is a win compared to the $40 billion deal to sell Arm to Nvidia Corp, which SoftBank abandoned last year amid opposition from antitrust regulators. SoftBank took Arm private in 2016 for $32 billion.