: Arm expected to price IPO above expected range

Arm Holding Ltd. is expected to priced its initial public offering above expectations late Wednesday following intense interest. Following reports that Arm was pricing its initial public offering at $52 a share, a source close to the deal confirmed to MarketWatch that $52 was the expected price. That puts the chip designer at a $55.5 billion valuation. Previously, Arm had stated a targeted range of $47 to $51. Shares are expected to begin trading on the Nasdaq under the ticker symbol “ARM” on Thursday.

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