NEW YORK -- SoftBank Group-owned chip designer Arm said Wednesday it will set a price of $51 per share in its initial public offering on the Nasdaq exchange.
IPO
SoftBank's Arm sets IPO price at $51 in year's largest listing
Price gives U.K. chip designer a market capitalization of over $52bn
SoftBank plans to keep a stake of around 90% in Arm as a core component of its AI strategy. © Reuters
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