Arm Begins 2nd Term on Nasdaq, at $54.5 Billion Valuation
By Nitin Dahad, EETimes (September 14, 2023)
Arm’s CEO today rang the opening bell on Nasdaq as the British chip designer began its second spell on the stock exchange, securing a valuation of $54.5 billion. The run-up to the IPO was the talk of not just the tech industry but also the global financial community—as this year’s largest IPO so far: SoftBank sold 95.5 million American Depositary shares of Arm at $51 apiece, raising $4.87 billion in the listing.
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