Arm’s IPO orders are already oversubscribed by 10 times
Tuesday, 12 September 2023 Arm Holdings' initial public offering (IPO) is already 10 times oversubscribed, with bankers planning to stop taking orders by Tuesday afternoon. The IPO, controlled by SoftBank, will close its order book a day early but is still planning to price its shares on Wednesday. The offering could end up being as much as 15 times oversubscribed.
The initial public offering of Arm Holdings Ltd., the chip designer owned by SoftBank Group Corp., is already oversubscribed by 10 times, and bankers plan to stop taking orders by Tuesday afternoon, according to people familiar with the matter. Amy Or reports on Bloomberg Television.
Tuesday, 12 September 2023
