SoftBank's Arm secures $54.5b valuation in year's biggest IPO

SoftBank's Arm secures $54.5b valuation in year's biggest IPO

FILE PHOTO-The Arm Ltd logo and a U.S. flag are seen in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Chip designer Arm Holdings Plc secured a $54.5 billion valuation in its US initial public offering (IPO) on Wednesday, seven years after its owner SoftBank Group Corp took the company private for $32 billion.

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