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.

Most Read from Bloomberg

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…