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Arm IPO

Chip Designer: SoftBank’s Arm soars nearly 25% in market debut to $65 billion valuation

[ad_1] NEW YORK: Shares in SoftBank’s Arm Holdings soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO). The stock, which had opened at $56.10, notched a 24.68% gain to close at $63.59, giving the British chip designer a valuation…

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