UK Chip Designer Arm Valued at $51 a Share Ahead of Wall Street IPO

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Originally posted on September 14, 2023 @ 15:43 Arm Holdings, the British chip designer, has secured a valuation of £41.9bn ($52.3bn) in its initial public offering (IPO) ahead of its return to the stock market in New York. The IPO is the biggest Wall Street has seen since Rivian Automotive’s market debut in 2021 and is the largest IPO of the year. The company, which was owned privately by…

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