SoftBank's Arm jumps 18% in IPO debut to notch $60 billion valuation
Shares in SoftBank’s Arm Holdings (ARM) opened 18% above their IPO price in their Nasdaq debut on Thursday, valuing the chip designer at nearly $60 billion as it returned to public trading after seven years. Reuters: The stock opened at $56.10 per American Depositary Share compared with the initial public offering (IPO) price of $51, and steadily extended gains to just over $60. The first-day…
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