(Finance) – Rally debut for ARM on the Nasdaq market. The world leader in chips, controlled by the Japanese investment bank Softbank, began with a strong rise, reaching up to $62compared to a price of placement of 51 dollars (already at the maximum of the initial range of 47.51 USD).
At mid-day, ARM shares held an increase of 17.62% to 59.12 dollarsconfirming the great interest of the market for this listing (the demand during the IPO phase exceeded the quantity offered by 10 times).
On these levels the ARM’s valuation would be around 64 billion dollars, approximately double what was paid six years ago by Softbank, which decided to delist the stock (then listed in London and New York).