Arm Holdings Prices IPO Of 95.50M ADSs At $51 Per ADS; SoftBank Subsidiary Grants Underwriters Option To Purchase Up To An Additional 7M ADS; IPO Expected To Close On September 18, 2023
Portfolio Pulse from Benzinga Newsdesk
Arm Holdings has priced its IPO of 95.50 million ADSs at $51 per ADS. The SoftBank subsidiary has also granted underwriters the option to purchase up to an additional 7 million ADSs. The IPO is expected to close on September 18, 2023.
September 13, 2023 | 9:37 pm
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POSITIVE IMPACT
Arm Holdings' IPO pricing could impact its stock performance in the short term.
The pricing of an IPO can significantly impact a company's stock performance in the short term. If the IPO is priced correctly, it could lead to a strong debut on the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
As a subsidiary of SoftBank, the IPO pricing of Arm Holdings could impact SoftBank's stock performance.
The performance of a subsidiary's IPO can impact the parent company's stock. If Arm Holdings' IPO performs well, it could positively impact SoftBank's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
As a subsidiary of SoftBank, the IPO pricing of Arm Holdings could impact SoftBank's stock performance.
The performance of a subsidiary's IPO can impact the parent company's stock. If Arm Holdings' IPO performs well, it could positively impact SoftBank's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80