Arm Holdings Ltd., the chip designer owned by SoftBank Group Corp, is set to request between $47 to $51 from investors for each share upon launching its initial public offering (IPO), sources familiar with the matter revealed. This price point would give Arm a valuation ranging between $50 billion and $54 billion and an offering of $5 billion to $5.4 billion.
Should these figures be realized, Arm would become the most valuable company to list on the New York Stock Exchange since electric car maker Rivian Automotive in 2021. Still, this is actually a decline from the $64 billion valuation when SoftBank acquired its 25% stake in the company last month.
Major clients that Arm has already signed on as investors in its IPO include Advanced Micro Devices Inc, Alphabet Inc, Apple Inc, Intel Corp, Nvidia Corp, and Samsung Electronics Co Ltd.