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Fortune

Luisa Beltran

Arm’s IPO strategy is rewarded to the tune of a $65 billion valuation

IPO Matt Kennedy Instacart Klaviyo Birkenstock SoftBank Group

Arm, majority owned by SoftBank Group, is set to trade Sept. 14, 2023 (Credit: Jakub Porzycki—NurPhoto via Getty Images)

Greetings, Term Sheeters. Finance reporter Luisa Beltran here.

The IPO market passed a big test Thursday when Arm Holdings, the semiconductor designer owned by SoftBank Group, rose nearly 25%.

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