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SoftBank's Arm discusses pricing IPO at $52 per share-source
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2023-09-14 04:15
NEW YORK SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering

NEW YORK SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per share on Wednesday afternoon in a meeting with its investment bankers, a person familiar with the matter said.

If this pricing is finalized, it would be above Arm's indicated $47-$51 price range and would raise $4.97 billion for SoftBank, based on 95.5 million shares sold. It would infer a valuation on Arm on a fully diluted basis of $55.5 billion.

The source requested anonymity because the deliberations are confidential. Arm did not immediately respond to a request for comment.

(Reporting by Anirban Sen in New York)

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