Chip designer Arm raised $4.87 billion in this year's largest IPO, valuing it at nearly $54.5 billion

CTOnews.com9 news, local time on September 13, chip design company Arm confirmed in an announcement that the IPO offering price is set at the top of the recommended range of $51 per share, a total of 95.5 million American depositary shares (ADS), raising $4.87 billion (currently about 35.551 billion yuan).

This will be the largest IPO of the year. According to the announcement, the stock is expected to start trading on the Nasdaq Global Select Market on Thursday, local time, under the symbol ARM.

There were earlier reports that Arm was considering raising the price range of the IPO offering price.

When customers finally price IPO, underwriters usually try to create positive momentum. It was reported earlier that the subscription for Arm would end early.

Arm filed for listing at a price of $47 to $51 per share, valuing the company at $51 at a valuation of $54.5 billion (CTOnews.com Note: currently about 397.85 billion yuan).