Arm Sets Its IPO Price at $51 a Share

SoftBank Group 9984 –2.01% bought Arm for $36 billion in 2016; a deal to sell the company to Nvidia (NVDA) for $40 billion in cash and stock collapsed in 2022 after stiff regulatory opposition. SoftBank will hold about a 90% stake after completion of the deal. The stock will trade under the symbol ARM.

Meeks also sees risk in the company’s exposure to China, which accounts for about a quarter of the company’s revenue.

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The company’s shares hit a record high Tuesday, its market value topped $800 billion and its performance has moved above that of the S&P 500SPX +0.12% so far this year.

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