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Arm To Hold IPO On September 14, Valuation Expected At $55 Billion

British chipmaker Arm Holdings is expected to set the price of its upcoming initial public offering (IPO) at between $47 U.S. and $51 U.S. per share, which would give the company a valuation of approximately $55 billion U.S.

Arm Holdings is expected to conduct its roadshow with investors over the next week and hold its highly anticipated IPO on September 14.

Arm, which designs microchips and semiconductors, is currently owned by Japan’s SoftBank Group.

According to several media reports, Arm plans to set final pricing on its shares September 13, with the stock beginning to trade on the Nasdaq exchange in the U.S. the next day.

Given its valuation, Arm’s IPO would be the largest so far in 2023 and is expected to lead to a slew of other IPOs by large technology companies in the coming months.

Excitement in Arm’s IPO is also building because of the company’s focus on microchips and semiconductors that are used in the red hot area of artificial intelligence (A.I.).