Will arm IPO raise $487 billion?

Source: Bloomberg SoftBank Group Corp. ’s Arm Holdings Ltd. is planning to raise as much as $4.87 billion in the chip designer’s long-anticipated initial public offering, marking lowered ambitions for an IPO that was once expected to generate roughly twice that amount.

How much is arm IPO worth?

The chip designer, which is owned by SoftBank Group Corp., sold 95.5 million American depositary shares for $51 apiece, according to a statement Wednesday confirming an earlier Bloomberg News report. Arm had marketed the shares for $47 to $51 each. At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations.

Will ARM Holdings plc's IPO boost long-suffering equity markets?

(Bloomberg) -- Arm Holdings Plc priced its initial public offering at the top end of its range to raise $4.87 billion in the largest listing of the year, one that could give a major lift to long-suffering equity markets. Most Read from Bloomberg