Chip Designer Arm’s IPO Was Priced for Smooth Trading Debut
(Bloomberg) — SoftBank Group Corp. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year’s biggest initial public offering, while resisting the temptation to try for more.
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Whether Arm’s return to the public market goes smoothly and paves the way for other soon-to-be public companies won’t be known until the chip designer’s shares start trading Thursday. At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg…