SoftBank’s Arm considers raising IPO price range - report
Softbank Corp.
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10:00 25/09/24
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Arm Holdings - which is owned by Japan’s SoftBank - is reportedly considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year.
Bloomberg cited people familiar with the matter as saying that SoftBank’s share sale is about six times subscribed. Deliberations are ongoing and no final decision has been made, sources said.
Arm filed for its IPO at $47 to $51 a share, which would have valued the company at $54.5bn at the high end of the range. That was slightly below the $60bn to $70bn valuation the company had targeted earlier this year.