In an ambitious move, Arm Holdings Ltd, a leading chip designer under the banner of SoftBank Group Corp (OTCMKTS: SFTBY), is setting the stage for its initial public offering (IPO) next week.
What Happened: The company hinted at a share price bracket of $47 to $51, insiders revealed to Reuters.
Such a pricing strategy could catapult Arm to a valuation ranging from $50 billion to $54 billion and an offering of $5 billion to $5.4 billion. It would also crown Arm as the most prized company to grace the New York stock exchange since Rivian Automotive Inc (NASDAQ: RIVN) in 2021, Reuters reported.
SoftBank is ...