Arm's IPO is the world's biggest this year

SoftBank Group Corp. has raised $4.87 billion in the year's biggest initial public offering (IPO).

[{"selector":"#anim-c22b043c-6c7a-473d-b5bd-bc8ec9cbbff1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55506043-8140-428a-bcf9-62efd9dfd882","keyframes":{"transform":["translate3d(0px, 100.93299%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The IPO values Arm Holdings Plc at about $54.5 billion.

[{"selector":"#anim-4b815f9a-ede1-409a-af74-13b35ea4d4bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-106576fe-6efd-4f7f-aed9-90f8888b0e48","keyframes":{"transform":["translate3d(0px, 100.80942%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Arm is a chip designer whose technology is found in most of the world's smartphones.

[{"selector":"#anim-199f942e-9602-4394-971b-0ce923dca104","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-151a188c-3a72-48a9-b914-eae8fb3d3f67","keyframes":{"transform":["translate3d(0px, 100.93299%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The IPO was oversubscribed more than 10 times.

[{"selector":"#anim-6ff014ff-0560-4234-a0f8-d33951b4394b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6653adb-21bf-4e4d-ad20-25461aab8500","keyframes":{"transform":["translate3d(0px, 100.86687%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Arm's IPO could be a catalyst for IPOs from dozens of tech startups and other companies.

[{"selector":"#anim-44406388-d2ad-4a90-8d23-fe94edc6eb67","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bee9771-cc97-410e-ac02-3a3a23f926ac","keyframes":{"transform":["translate3d(0px, 97.30067%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] These companies have been stuck during the deepest, longest listing trough since the financial crisis in 2009.

[{"selector":"#anim-eea6f09b-59cc-4dd0-9d62-74a96bd24dc8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08560ace-1bee-4076-b4d9-d31a164bf106","keyframes":{"transform":["translate3d(0px, 96.23799%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Arm's IPO could also help to revive the tech IPO market in the US.

[{"selector":"#anim-4d892b03-4744-4ae0-962f-a6d0928b4177","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0f8c85ef-f35b-4e01-9e78-5f6c048d4f92","keyframes":{"transform":["translate3d(0px, 96.23799%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] SoftBank CEO Masayoshi Son set the IPO price at $51 per share.

[{"selector":"#anim-24a173f3-74d9-4781-93d7-bba7da9de768","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd3897e6-2103-48ef-b40c-075ef9afd7b4","keyframes":{"transform":["translate3d(0px, 96.75404%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Son chose $51 per share, saying it wasn't worth risking a healthy debut for $100 million or so in additional proceeds.

[{"selector":"#anim-ab1c5961-4993-4e99-9369-ccc73973aac9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd85f680-3425-4e38-9c41-920d47aa38c8","keyframes":{"transform":["translate3d(0px, 92.59257%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Arm's IPO is the world's biggest this year. Explore