Arm climbs 10% in Nasdaq debut after pricing IPO at $51 a share

Arm Holdings has started trading on the Nasdaq under the ticker"ARM."SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose for a photo at the Nasdaq MarketSite on September 14, 2023 in New York City.started trading on the Nasdaq Thursday morning in a long-anticipated IPO at a share price of $56.10, valuing the company at $59.9 billion.

Arm Holdings sold around 95.5 million shares on the Nasdaq. Softbank, which took the company private in 2016, will control around 90% of Arm's shares outstanding.

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