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Fortune

Luisa Beltran

BIZARRE: Softbank s arm will trade later thursday | Mind Blowing Facts

Rivian IPO SoftBank Group Goldman Sachs

Arm, majority owned by SoftBank Group, is set to trade Sept. 14, 2023 (Credit: Jakub Porzycki—NurPhoto via Getty Images)

Arm Holdings, the semiconductor designer owned by SoftBank Group, rose 19.98% in its first day as a public company.

Shares of Arm kicked off at $56.10 on the Nasdaq, up $5.10 from its IPO price of $51. The stock recently changed hands in mid-day trading at $61.19, a gain of $10.19.

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