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Evening Standard
Evening Standard
Business
Simon Hunt

SoftBank mulls raising Arm IPO price range

SoftBank IPO Nvidia New York Apple

The owner of British chip designer Arm is mulling increasing its IPO price range ahead of its flotation in New York on Wednesday after a surge in investor interest in the company.

Japan-based SoftBank, which took the firm private in 2016, had been eyeing a valuation of $60-70 billion for it earlier this year, before setting Arm’s IPO price at $47-51 a share, giving it a significantly lower market value of $54.5 billion.

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