SoftBank’s Arm to ask for $47 to $51 per share in IPO

1 September 2023, 12:00 am

1 min read

FILE PHOTO: A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Reuters exclusively reported that Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp (9984.T), is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering (IPO) next week.