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The Guardian - UK
The Guardian - UK
Business
Hibaq Farah

UK chip designer Arm valued at $51 a share ahead of Wall Street IPO

IPO SoftBank
an Arm and IPO logo
According to Reuters, Arm had been targeting a valuation between $50bn and $55bn. Photograph: Costfoto/NurPhoto/Shutterstock

The British chip designer Arm has secured a $54.5bn (£43.6bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday.

The company, owned privately by the Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softbank.

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