Arm CEO Rene Haas looks on, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid Shares in SoftBank's Arm Holdings soared almost 25 percent 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-percent gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public  market s following a seven-year absence.

https://business.inquirer.net/421201/softbanks-arm-soars-nearly-25-in-market-debut-to-65-b-valuation

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