Arm to Hold Roadshow After Labor Day, IPO Pricing Sept. 13
- Company aims to raise $5 billion to $7 billion with offering
- Valuation could be between $50 billion to $70 billion
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Arm Holdings Ltd., one of the most anticipated stock listings of the year, is preparing to set a price range for its initial public offering before embarking on an investor roadshow next week, according to people familiar with the matter.
The chip designer is considering pricing its shares on Sept. 13 and the stock will start trading the next day, said the people, who asked not to be identified because the deliberations are private. The roadshow to promote the offering is expected to come after the Labor Day holiday on Monday. Still, the company’s plans are fluid and the timeline could move, the people cautioned.