{"id":327702,"date":"2023-09-12T10:35:13","date_gmt":"2023-09-12T10:35:13","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=380175"},"modified":"2023-09-12T10:35:13","modified_gmt":"2023-09-12T10:35:13","slug":"arm-ipo-oversubscribed-as-demand-soars","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2023\/09\/12\/arm-ipo-oversubscribed-as-demand-soars\/","title":{"rendered":"Arm IPO oversubscribed as demand soars"},"content":{"rendered":"

<\/p>\n

\tBanks underwriting Arm\u2019s IPO were reportedly set to close orders later today (12 September), 24 hours earlier than initially planned due to being oversubscribed by up to ten-times.<\/p>\n

Bloomberg reported the IPO has been met with such strong demand that if orders were to continue for another day, it could be oversubscribed by 15-times.<\/p>\n

The offering looks set to being the biggest IPO in nearly two years.<\/p>\n

It is not uncommon for banks to close orders earlier than initially planned, usually an indication of strong demand.<\/p>\n

Pricing of Arm\u2019s shares is still expected to take place tomorrow (13 September), and is tipped to land in the top end or higher than the initial range of $47 to $51 per share, added Bloomberg.<\/p>\n

At the top end, the IPO would raise $4.9 billion for Arm\u2019s parent SoftBank Group and give the company a value of $54.5 billion.<\/p>\n

A number of major technology companies have shown interest in the IPO, with possible investment from Apple, Google Nvidia, Samsung and Intel, among others.<\/p>\n

SoftBank had initially sough [1]t a valuation of $60 billion to $70 billion for Arm after the IPO, with hopes of raising a minimum of $8 billion from the sale of around 10 per cent of the company.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/arm-secures-support-for-ipo-faces-valuation-hurdles\/<\/p>\n\n

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Banks underwriting Arm\u2019s IPO were reportedly set to close orders later today (12 September), 24 …<\/p>\n

The post Arm IPO oversubscribed as demand soars<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Arm IPO oversubscribed as demand soars - ITTeacherITFreelance.hk","description":"Banks underwriting Arm\u2019s IPO were reportedly set to close orders later today (12 September), 24 ... The post Arm IPO oversubscribed as demand soars appeared fir"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/327702"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=327702"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/327702\/revisions"}],"predecessor-version":[{"id":327703,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/327702\/revisions\/327703"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=327702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=327702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=327702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}