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Arm Holdings Plans to Issue Shares in IPO at $47 to $51 Range

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Arm, Inc headquarters in Silicon Valley

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Arm Holdings, the chip design division of SoftBank, is planning to issue shares in its initial public offering at a price range of $47 to $51 per share.

According to a report from Reuters, the valuation of Arm Holdings is expected to be between $50 billion to $54 billion, depending on demand. This price range is lower than the $64 billion valuation at which SoftBank acquired the remaining 25% stake in the company last month. However, there is a possibility that SoftBank may revise the price range before the IPO.

Arm Holdings filed for its IPO last month and is set to trade under the symbol β€œARM.” In fiscal 2023, the company generated $2.68 billion in revenue, slightly lower than the $2.7 billion in fiscal 2022.

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