Arm, the British chip design and licensing company, is set to launch its highly anticipated initial public offering (IPO) today. The shares are being offered at $51 each, placing a value of $54.5 billion on the company. Arm’s IPO has attracted significant interest, leading to the closure of share orders a day earlier than planned. The IPO is expected to raise approximately $4.9 billion for Arm’s parent company, Softbank, which is lower than their initial goal of $8-$10 billion. Despite this, Arm will remain under the control of Softbank. The valuation of Arm falls short of the estimated $60-$70 billion aimed for by Softbank. However, it is still expected to be the largest IPO in the US this year.
https://www.theregister.com/2023/09/14/arm_ipo/