UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) valuation, as it makes its highly-anticipated return to the stock market.
The shares were priced at $51 each, which is at the top of the range that had been indicated to prospective investors.
It makes the sale the biggest initial public offering (IPO) of the year.
It makes the sale the biggest initial public offering (IPO) of the year.
The company says 95.5 million shares were sold, raising $4.87bn for its Japanese owner SoftBank Group.
Arm customers, including Apple, Google, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung have all said they would invest in the IPO.
In March, Arm announced that it would not list its shares in the UK, in a blow to the London stock market.
Reports in January said Prime Minister Rishi Sunak had held talks with SoftBank about a potential UK listing.
Arm said it had decided that listing the company solely in the US was “the best path forward”.
UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) valuation, as it makes its highly-anticipated return to the stock market.
It makes the sale the biggest initial public offering (IPO) of the year.
The shares were priced at $51 each, which is at the top of the range that had been indicated to prospective investors.
The company says 95.5 million shares were sold, raising $4.87bn for its Japanese owner SoftBank Group.
It makes the sale the biggest initial public offering (IPO) of the year.
It makes the sale the biggest initial public offering (IPO) of the year.
The company says 95.5 million shares were sold, raising $4.87bn for its Japanese owner SoftBank Group.
Arm customers, including Apple, Google, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung have all said they would invest in the IPO.
In March, Arm announced that it would not list its shares in the UK, in a blow to the London stock market.
Reports in January said Prime Minister Rishi Sunak had held talks with SoftBank about a potential UK listing.
Arm said it had decided that listing the company solely in the US was “the best path forward”.
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