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Evening Standard
Evening Standard
Business
Simon Hunt

Arm overtakes HSBC, Unilever to become Britain's 4th most valuable company after shares rocket

HSBC Unilever Nasdaq United Kingdom Wall Street

Arm has overtaken both Unilever and HSBC to become the 4th most valuable UK-headquartered company after its Nasdaq-listed stock soared when markets opened on Wall Street.

The Cambridge-based chip designer saw its shares close up some 30% by the end of the day’s trading session in New York, giving it a market value of more than $150 billion and putting it behind only UK-headquartered oil giant Shell, gas giant Linde and fellow Cambridge firm AstraZeneca.

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