Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp , 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, people familiar with the matter said on Saturday.
, is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering next week, people familiar with the matter said on Saturday.
The price range, which has not been previously reported, would translate into a valuation for Arm of roughly between $50 billion and $54 billion, and an offering of $5 billion to $5.4 billion. It would make Arm the most valuable company to list in New York since electric car maker Rivian AutomotiveSoftBank could possibly raise this range before the IPO prices, should investor demand prove strong, said the sources, who requested anonymity because the matter is confidential.
This reflects a recent drop in demand for some of Arm's offerings. For the year ended March 31, Arm's sales fell to $2.68 billion, hurt mainly by
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