Arm Holdings (ARM) is pricing its IPO listing at $51 per share, higher than previously expected, according to a Wall Street Journal report. Yahoo Finance Live hosts Akiko Fujita and Seana Smith discuss how Arm's market debut could reinvigorate the broader IPO market and SoftBank's (SFTBY, 9984.T) status as a majority stakeholder. Note: At the time of this report, The Wall Street Journal was reporting the IPO was priced at $52 per share. That reporting has since been updated to $51 per share.
Some breaking news-- ARM Holdings reportedly pricing its initial public offering."The Wall Street Journal" first reporting that the chip design company priced its IPO at $52 per share. That's above the expected range of $47 to $51. Now, with a $52 price, that values the company at roughly $55 billion, which is below the most recent valuation from its owner SoftBank.
Akiko, we talk about the fact that there's so much riding on this. One, the hype, obviously, ARM being helped out a little bit just by the hype that we've seen surrounding AI.
You're looking at the numbers right now. SoftBank looking to raise roughly $5 billion from this IPO. But the other thing to watch, Seana, is what actually happens with those shares given the limited number----that's there SoftBank has 90% of the shares there. 10% will be traded roughly. That's been reported out. So, you know, what actually happens there-- and does that lead to some choppiness at least in the initial trade? I mean, those are all things we'll be watching.
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