In a recent development, SoftBank Group Corp’s Arm Holdings has confirmed its intention to set the initial public offering (IPO) price at a minimum of $51 per share
This announcement comes as Arm Holdings gears up for its highly anticipated IPO, aiming to secure a valuation of at least $54.5 billion, as reported. Notably, earlier reports had suggested that the company might price its shares at the upper end or even above the indicated price range.
The decision to set the IPO price at a minimum of $51 per share indicates the company’s confidence in its valuation and the market’s appetite for its shares. As SoftBank’s Arm Holdings takes this significant step towards going public, investors and industry observers will be closely watching the developments in the lead-up to the IPO launch.
Please note that this information was last updated on September 12, 2023, at 5:00 PM EDT.
