Were going to begin with this years biggest ipo, arm pricing its offer at 51. Thats the high end of the projected range and valuing the softbankowned chip designer at 54. 5 billion, fully diluted. Arm, whose customers include apple and nvidia, looking to ride this a. I. Wave, listing on the nasdaq today under arm, and david has this exclusive with renee haas and masa son. My understanding is that they could have gone 52. Thats what i have been told by any number of people, but masa said, lets do 51 with the prospect that that will position it better for some sort of positive open, and thats important here, given the importance of arm to the overall ipo market given the size of the offering, the focus on it, and the fact that we are expecting more to follow. If it doesnt perform well, that might leave not a particularly good taste in investors mouths. The hedge funds been pared back, long only. Sovereign funds and stepped up and converted from what was interest to actual buying power. W
As covered in last night's Flash Report, 1,586 players from 42 states competed in the National Elementary School Championship in Columbus, Ohio from April 26 through 28. Below is a detailed report with photos and annotated games from our newest national champions. Full standings are available here.
At the conclusion of the marathon known as “Saturday at Nationals” (three games!), some section leaders stand alone, others are perfect along with one other, and three sections have between four and six players knotted at the top of the standings. Let’s dive in closer, and check our team updates as well. 12th Grade