Arm’s IPO orders are already oversubscribed by 10 times

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.

Sep 12, 2023 - 09:30
Arm’s IPO orders are already oversubscribed by 10 times
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.