Arm’s Much-Anticipated IPO Values Chip Designer at $54.5 Billion
- SoftBank-backed chip designer’s listing is biggest of the year
- Company valued at $54.5 billion in New York offering
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SoftBank Group Corp. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year’s biggest initial public offering, while resisting the temptation to try for more.
A smooth trading debut from the chip designer on Thursday could help revive a weak IPO market and provide a boost for upcoming listings from companies like Instacart Inc. and Birkenstock Holding Ltd. At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations.