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SoftBank's Arm Makes Strong Stock Market Debut

SoftBank's Arm Makes Strong Stock Market Debut

   New York, Sept. 14 (Jiji Press)--Shares of British chip designer Arm Holdings PLC, a unit of Japanese technology investor SoftBank Group Corp., jumped 25 pct above their initial price at their debut on the U.S. Nasdaq stock market Thursday.
   The stock opened 10 pct higher than its initial public offering price and closed at 63.59 dollars. Its valuation based on the closing price surpassed 9 trillion yen, making it the largest IPO so far this year.

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AFP-JIJI PRESS NEWS JOURNAL


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