Arm IPO: Key Details and How to Buy the Stock

Arm IPO: Arm is a British chip designer that is owned by the Japanese company SoftBank (SFTBY). For its huge initial public offering (IPO) today, arm has signed up 28 banks, such as Barclays (BARC.L), Goldman Sachs Group (GS), JPMorgan Chase & Co. (JPM), and Mizuho Financial Group (MFG). Arm’s shares will start trading on the Nasdaq (^IXIC).

SoftBank (SFTBY) is putting 9.4% of Arm’s stock on the stock market, but it will keep 90% of the company after the IPO.

Arm shares will go on sale on the Nasdaq (^IXIC) in the US on Thursday, September 14th. They will be marked with the code “ARM.”

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Before trading starts, shares in the UK chip creator have been set at $51. This gives the company a market value of $52.3bn (£42.08bn).

The $51 price is the highest point of a range of $47 to $51 a share. The FT reported on Thursday that the stock has been more than five times oversubscribed, which means that there is a lot of demand for it.

Once Arm stock is listed on the Nasdaq, you can buy shares straight from a reputable online broker, like IG Group (IGG.L), CMC Markets (CMCX.L), Hargreaves Lansdown (HL.L), HYCM, AJ Bell (AJB.L), Capital.com, or Interactive Investor.

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People can buy Arm shares or trade Arm stock long or short with spread bets and CFDs, depending on the trading site they choose.

If you’re in the UK and want to buy shares, keep in mind that this is a US IPO, so it might take a few hours for the shares to be able to be traded after Wall Street opens this afternoon at 13:30 GMT.

SoftBank paid $32bn to buy Arm in 2016, and the IPO is expected to bring in about $4.9bn for the company.

Apple (AAPL), Google (GOOG), and Nvidia (NVDA), all of which use Arm’s chip designs, have said they will be among the people buying Arm stock.

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