TECH - Investor Frenzy Over Arm's IPO Pushes Valuation To New Heights Could Skyrocket To $54B | Benzinga
The UK-based chip design firm, Arm Holdings, is gearing up for a blockbuster initial public offering (IPO) that could value the company at a staggering $54 billion. The IPO is slated to be the most significant in the tech sector in two years.
What To Know: Arm and its parent company, SoftBank (OTCMKTS: SFTBF), are in the final stages of pricing their shares for the IPO.
Trading is expected to commence on Thursday on the Nasdaq exchange. The share price is likely to exceed initial estimates due to overwhelming demand, Financial Times reports.
The IPO has garnered immense interest, with the ...