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Arm Is Expected to Price IPO at Top End of Range or Higher

The Arm US headquarters in San Jose, California.
Photographer: David Paul Morris/Bloomberg

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By Gillian Tan, Ryan Gould, and Amy Or

September 12, 2023 at 10:14 PM UTC

This article is for subscribers only.

Arm Holdings Ltd. is expecting to price its initial public offering at the top end of its range or even higher, according to people familiar with the matter.

SoftBank Group Corp, which owns Arm, and its advisers are deciding whether to price at the top end, at $51, or whether it could go a dollar or more above that, the people said asking not to be identified because the matter is private. The share sale is expected to take place Wednesday with the shares set to begin trading on the Nasdaq Thursday.