{"id":2718,"date":"2023-09-05T09:14:47","date_gmt":"2023-09-05T13:14:47","guid":{"rendered":"https:\/\/usa.businessupturn.com\/?p=2718"},"modified":"2023-09-05T09:14:47","modified_gmt":"2023-09-05T13:14:47","slug":"softbanks-arm-to-ask-for-around-50-per-share-from-investors-in-ipo","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/softbanks-arm-to-ask-for-around-50-per-share-from-investors-in-ipo\/2718\/","title":{"rendered":"SoftBank\u2019s Arm to ask for around $50 per share from investors in IPO"},"content":{"rendered":"<p>SoftBank Group Corp backed Arm Holdings Ltd, the chip designer, is planning on asking the investors to pay $47 to $51 for of its shares when it begins marketing its initial public offering (IPO) next week, as per the people familiar with the matter.<\/p>\n<p>The price range, which has not been reportedly earlier, would translate into the valuation of Arm at around $52 billion, and an offering of $5 billion to $5.4 billion would make the chips designer as one of the most valuable company to list in New York since electric car maker Rivian Automotive debuted in 2021.<\/p>\n<p>If the investor demand grows strong, SoftBank could possibly raise this range, as per the sources, reported by Reuters.<\/p>\n<p>The valuation Arm is currently seeking represents a fall from the $64 billion valuation at which SoftBank had entered and acquired 25% stake in the company.<\/p>\n<p>The recent drop in the valuation of Arm is due to the drop in the demand for some its offerings. For the year ended March 31, Arm\u2019s sales fell to $2.68 billion, which was mainly due to the slump in global smartphone shipments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoftBank Group Corp backed Arm Holdings Ltd, the chip designer, is planning on asking the investors to pay $47 to\u2026<\/p>\n","protected":false},"author":175,"featured_media":2723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[519,518],"class_list":["post-2718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-arm-holdings","tag-softbank"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/2718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/175"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=2718"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/2718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/2723"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=2718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=2718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=2718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}