And thus, after months of anticipation and speculation, the day of Arm’s IPO is upon us. The SoftBank-owned chip design company will begin trading in New York today, Thursday, with shares priced at $51 (€47.51) apiece. This gives Arm a valuation of $52.3bn (€48.7bn). Japanese SoftBank intends to hold onto just above 90% of the company. Still, the heavily oversubscribed round is set to raise about $4.9bn for Arm’s owners. Big tech customers of Arm’s designs have shown a massive interest in buying shares, and the banks underwriting the listing closed orders on Tuesday, a day earlier than originally planned. …
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