Home ยป Nasdaq’s IPO Surge: Arm Leaps into Trading Arena with $51 Per Share Valuation, Propelling Stock Market Momentum

Nasdaq’s IPO Surge: Arm Leaps into Trading Arena with $51 Per Share Valuation, Propelling Stock Market Momentum

Arm has announced the final IPO share price, which will be offered in the form of American Depositary Shares (ADS) totaling 95.5 million shares at a price of $51.00 per share. This is the highest price offered during the previous price range.

Arm’s shares will begin trading on the NASDAQ market on September 14, coinciding with today’s date in Thailand. The trading abbreviation for Arm will be “ARM”.

With the IPO price of $51.00, Arm’s market capitalization stands at $54.5 billion. The majority of shares, approximately 90%, are still held by SoftBank.

In Arm’s fiscal year ending March, 2023, the company reported revenues of $2.679 billion and a net profit of $524 million. This represents a slight decrease compared to the previous year.

Arm’s shares are closely monitored as it is a major technology company entering the stock market with an IPO. The decrease in trading volume of this group of shares can be attributed to market volatility and increasing interest rates. The next tech companies preparing for IPO include Instacart, a supermart delivery platform, and Klaviyo, an online marketing tool.

TLDR: Arm is set to offer its IPO shares as American Depositary Shares, priced at $51.00 per share, making it the highest offering price to date. Arm’s shares will be available for trading on the NASDAQ under the abbreviation “ARM” on September 14. The majority of shares are still held by SoftBank. Arm reported a slight decrease in revenues and net profit for the fiscal year ending March 2023. Other tech companies, such as Instacart and Klaviyo, are also preparing for IPOs.

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