Filing: SoftBank prices Arm's shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023 (Manya Saini/Reuters) 05-09-2023

Manya Saini / Reuters:
Filing: SoftBank prices Arm’s shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023 — SoftBank Group’s (9984.T) Arm is aiming to raise up to $4.87 billion in the chip designer’s U.S. initial public offering, a regulatory filing showed on Tuesday.