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ARM

SFTBF

SFTBY

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.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:37 pm

ARM

Arm has announced the pricing of its Initial Public Offering (IPO) at $51.00 per American Depositary Share (ADS). The ADSs are expected to start trading on the Nasdaq Global Select Market under the symbol 'ARM' on September 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:32 pm

AAPL

GOOGL

NVDA

SFTBF

TROW

UK-based chip design firm, Arm Holdings, is preparing for an IPO that could value the company at $54 billion. The IPO is expected to raise approximately $5 billion for parent company SoftBank. Major tech companies including Apple, Google, Nvidia, and T. Rowe Price are expected to buy $735 million worth of Arm shares at the IPO price. The IPO is being underwritten by a consortium of 28 banks, including Goldman Sachs, JPMorgan, and BofA Securities.

Portfolio Pulse from Ryan Gustafson

September 13, 2023 | 9:32 pm

NXPL

SALM

ZDGE

Several communication services stocks experienced significant movement in Wednesday's after-market session. Salem Media Group, Zedge, Lytus Technologies Hldgs, FaZe Hldgs, and Treasure Global saw gains, while NextPlat, NFT Gaming Co, Society Pass, Super League Enterprise, Eventbrite, and Loop Media experienced losses.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:31 pm

INFI

KRBP

OKYO

RNAZ

Several healthcare stocks experienced significant movement in Wednesday's after-market session. Notable gainers included Infinity Pharmaceuticals (INFI), TransCode Therapeutics (RNAZ), Longeveron Inc. - Subscription Right (LGVNR), Scinai Immunotherapeutics (SCNI), Avalo Therapeutics (AVTX), and NanoString Technologies (NSTG). On the other hand, Kiromic BioPharma (KRBP), OKYO Pharma (OKYO), Bionomics (BNOX), Impel Pharmaceuticals (IMPL), Creative Medical Tech (CELZ), and Joint (JYNT) saw declines.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:31 pm

AWIN

EVTL

GWAV

ISUN

MESA

NOTE

OPTT

PIXY

RLGT

SRFM

UAVS

ULBI

The article reports on the movement of 12 industrial stocks in Wednesday's after-market session. Ocean Power Techs, ShiftPixy, AgEagle Aerial Sys, iSun, Mesa Air Gr, and Ultralife saw their shares increase, while Radiant Logistics, FiscalNote Holdings, Surf Air Mobility, AERWINS Technologies, Greenwave Tech Solns, and Vertical Aerospace experienced a decrease in their shares.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:31 pm

ALPP

BTCM

FOXO

HKIT

IDAI

MARK

MTC

RSSS

SMTC

VERI

WETG

WRAP

Several information technology stocks experienced significant movement in Wednesday's after-market session. Notable gainers included Research Solutions (RSSS), MMTEC (MTC), Alpine 4 Holdings (ALPP), Remark Hldgs (MARK), Wrap Technologies (WRAP), and Veritone (VERI). On the other hand, WeTrade Group (WETG), T Stamp (IDAI), Semtech (SMTC), FOXO Technologies (FOXO), BIT Mining (BTCM), and Hitek Global (HKIT) saw declines.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:31 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 15 years by 9.57% on an annualized basis, producing an average annual return of 18.72%. If an investor had bought $1000 of SHW stock 15 years ago, it would be worth $13,579.16 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:30 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has outperformed the market over the past 15 years, producing an average annual return of 14.96%. If an investor had bought $100 of AJG stock 15 years ago, it would be worth $855.12 today. The company currently has a market capitalization of $49.35 billion.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:30 pm

CANN

CBDY

CHOOF

CNBX

EVIO

INLB

The article lists the cannabis stocks that gained and lost on September 13, 2023. Notable gainers include Choom Holdings (OTC:CHOOF), CNBX Pharmaceuticals (OTC:CNBX), and Trees (OTC:CANN). Significant losers include EVIO (OTC:EVIO), Item 9 Labs (OTC:INLB), and Target Group (OTC:CBDY).

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:30 pm