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Arm indicated to open at $58, IPO priced at $51 per share

Arm (ARM), the chip designer owned by SoftBank Group (SFTBY), priced 95.5M shares at $51.00. The deal priced at the high end of its $47.00-$51.00 range. Barclays, Goldman Sachs, JPMorgan and Mizuho acted as joint book running managers for the offering.

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