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Arm Holdings is valued at $54.5 billion in biggest initial public offering since late 2021

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NEW YORK (AP) — U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years. The shares have been priced at $51, giving Arm a market value of $54.5 billion. The opening trade could be much higher, given the interest among investors in the offering. Most consumers use at least one product that contains Arm's chips, though many people may not be familiar with the company itself. Its chip design i

NEW YORK — U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years.

Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the past two years. It's also a key moment for the Japanese technology investor Softbank, which acquired Arm in 2016, as well as investments banks such as Goldman Sachs that recently have taken in far less revenue from underwriting and advisory fees.

Nearly 400 companies went public in 2021 as the stock market rallied for a third straight year, according to IPO tracker Renaissance Capital. Helping to boost that figure was a proliferation of deals involving special purpose acquisition companies, or SPACs. Also know as blank-check companies, SPACs exist solely to buy a private company and take it public. Some companies prefer SPAC deals because there are fewer disclosure requirements.

 

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Arm reportedly pricing IPO at $51 per shareArm Holdings (ARM) is pricing its IPO listing at $51 per share, higher than previously expected, according to a Wall Street Journal report. Yahoo Finance Live hosts Akiko Fujita and Seana Smith discuss how Arm's market debut could reinvigorate the broader IPO market and SoftBank's (SFTBY, 9984.T) status as a majority stakeholder. Note: At the time of this report, The Wall Street Journal was reporting the IPO was priced at $52 per share. That reporting has since been updated to $51 per share.
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