Arm Set to Price IPO at $52 a Share
Price would modestly exceed expectations and value British chip designer at more than $55 billion
Arm is preparing to price its shares at $52 apiece, as the British chip designer lays the groundwork for the biggest U.S. public offering of the year.
The price will be set in a meeting Wednesday afternoon between underwriters and company executives, according to people familiar with the matter. The situation remains fluid and the price could still shift.
At a per-share price of $52, Arm would be valued at $55.5 billion on a fully diluted basis. That’s below the $64 billion Arm owner SoftBank Group 9984 -1.63%decrease; red down pointing triangle recently valued the company at when it bought out a stake held by its Vision Fund.
Arm shares are set to start training Thursday on Nasdaq under the symbol ARM.