Arm reportedly prices IPO at $51 per share

We start with some breaking news on the RM IPO Leslie Pickers got the details Leslie hey Melissa priced her IPO at 51 per

share

, which is at the high end of the range, implying an offering size of approximately $4.9 billion and a fully diluted valuation. of $54.5 billion, all of that, according to a source familiar with the matter, earlier in the hour we were told that arm and its advisors were leaning toward an IPO price of $52 per

share

and that was practically built in, but in the As the hour passed with those price discussions he finally took a more conservative approach to that $51 per share which is at the high end of the range but not above it, so $51 per share for this offer one person told me familiar with the matter that There should be a release momentarily that says the number 51, but again the largest IPO in several years and it will be a highly anticipated debut when it appears on the NASDAQ tomorrow morning, okay, Leslie, thank you, Leslie picker again, at the top of the range. already earned a buy rating from Wall Street, not really surprising, while she loves to jump on this stuff.

New Street starts it off with a Buy rating, a price target of 59, what do you think this means for new issues in the pipeline? Yeah, I mean, there's a lot of clamor for new issues that we haven't seen happen before, specifically with this one, there's a lot of rumors surrounding the semi-finals. There are many rumors surrounding AI. This is not an AI company and I think it's something like that. Being thrown into the mix, people are really excited, really excited about technology, so I think the tech IPO, the whole mix is ​​a confluence of events, so I think it's good for the IPO market, not necessarily .

I wouldn't jump into this one right now. I think IPOs just have the propensity to come out the day they come out, which is great, but I think they always received from there, but it's great for the IPO market.