SoftBank’s Arm eyes up to $64.1 billion valuation in likely stellar Nasdaq debut

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Reuters UK

By Manya Saini, Niket Nishant and Laura Matthews (Reuters) – SoftBank’s Arm Holdings was set to fetch a valuation of up to $64.1 billion in its Nasdaq debut on Thursday, as shares of the chip designer were set to blow past their offer price. Its stock was indicated to open at $60 per American Depositary Share versus the initial public offering (IPO) price of $51. The company had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of its marketed range. Arm was taken private seven years ago for $32 billion by SoftBank, which has been looking to cash out some o…

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