Arm IPO successfully raised US$4.87 billion, with a valuation reaching US$54.5 billion

According to Arm’s announcement, the company’s IPO price has been determined at US$51 per share, and a total of 95.5 million American depositary shares (ADS) have been issued, raising US$4.87 billion (approximately 35.551 billion yuan)

This will be the largest IPO of the year. The stock is expected to begin trading on the Nasdaq Global Select Market on Thursday local time under the symbol ARM, according to the announcement.

Previously, it was reported that Arm was considering increasing the price range of the IPO issue price.

Underwriters often work to create a positive atmosphere before clients determine the final price of an IPO. There are previous reports that Arm’s subscription will end early

Arm submitted a listing application at a price of US$47 to US$51 per share. Based on the issue price of US$51, the company’s listing valuation will reach 54.5 billion U.S. dollars (note on this site: currently about 397.85 billion yuan).

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