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Arm: UK chip designer in $54.5bn market return

2023-09-14 17:26
The chip designer's shares are priced at the top of the predicted range ahead of the start of trading.
Arm: UK chip designer in $54.5bn market return

UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) valuation, as it makes its highly-anticipated return to the stock market.

The shares were priced at $51 each, which is at the top of the range that had been indicated to prospective investors.

It makes the sale the biggest...