Arm announces closing of initial public offering and full exercise of underwriters' option to purchase additional american depositary shares

Cambridge, england--(business wire)--arm holdings plc (“arm”) today announced the closing of its initial public offering (the “ipo”) of 102,500,000 american depositary shares (“adss”), representing its ordinary shares, at a price to the public of $51.00 per ads, including the underwriters' full exercise of their option to purchase up to an additional 7,000,000 adss to cover over-allotments. arm's adss began trading on the nasdaq global select market (“nasdaq”) on september 14, 2023, under the t.
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