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Arm shares drop below IPO Pricing
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Arm time

Arm time
$Arm Holdings(ARM.US)$ It's time for one of the biggest initial public offerings of the year. Arm is going public Thursday in a long-awaited debut on the Nasdaq. The chip designer's IPO was priced at $51 a share, the top of its expected range of $47 to $51 per share. That puts its fully diluted market cap, which includes outstanding restricted stock units, at more than $54 billion. Arm provides chip designs to tech giants including $Apple(AAPL.US)$ , $Alphabet-C(GOOG.US)$ , $NVIDIA(NVDA.US)$ , $Samsung Electronics Co., Ltd.(SSNLF.US)$ , $Advanced Micro Devices(AMD.US)$ , $Intel(INTC.US)$ and $Taiwan Semiconductor(TSM.US)$ , and many of them said they will buy shares as part of the offering.
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