Executives at Arm Holdings are expected to embark on an investor roadshow this week, with the pricing of the British chip designer’s initial public offering in sharp focus.
Arm is set to offer shares for between $47 and $51, according to reports, which would translate to a stock market valuation of $50 billion to $54 billion.
While pricing at this level would make Arm’s listing the largest stock market debut in New York since 2021, it is short of a reported target of up to $70 billion.
Last month SoftBank, the Japanese conglomerate, bought the 25 per cent of Arm it did not already own from its own Vision Fund at a valuation of $64 billion. Arm is said to have earmarked an
© Times Media Limited 2023.