In this illustration dated March 6, 2023, a smartphone with an Arm Ltd logo displayed is placed on a computer motherboard. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo acquire license rights
NEW YORK, Sept 13 (Reuters) – SoftBank Group Corp (9984.T) chip designer Arm Holdings Plc (ARM.O) discussed the price of its initial public offering (IPO) in the United States in a meeting with the company on Wednesday afternoon $52 per share investment bankers said, a person familiar with the matter said.
If that price is set, it would be above Arm’s reported price range of $47 to $51 and net SoftBank $4.97 billion based on 95.5 million shares sold. This would give Arm a valuation of $55.5 billion on a fully diluted basis.
The source requested anonymity because the discussions are confidential. Arm did not immediately respond to a request for comment.
Reporting by Anirban Sen in New York
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