Arm Holdings is valued at $54.5 billion in biggest initial public offering since late 2021
U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years NEW YORK -- U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years. The shares have been priced at $51, giving Arm a market value of $54.5 billion. The opening trade could be much higher, given the interest among investors in the offering. Most consumers use at least one product that contains Arm's chips, though many people may not be familiar with the company itself. Its chip design is used in virtually all smartphones, the majority of tablets and digital TVs. More recently, Arm has expanded into artificial intelligence, smart devices, cloud computing, the metaverse and autonomous driving. Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the pa...