Arm targeting valuation of over $52B, final pricing seen next week, WSJ reports

Arm is targeting a valuation of over $52B in its IPO, with owner SoftBank (SFTBY) planning to sell roughly 10% of the total shares outstanding for $47-$51 per share, The Wall Street Journal’s Ben Dummett reports. Apple (AAPL), Intel (INTC) and Nvidia (NVDA) are among the companies that plan to buy shares in the chip designer’s IPO, the report notes. Final pricing is expected as soon as some time next week followed by Arm’s stock market debut on the Nasdaq exchange, people familiar with the plan say.