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SoftBank's Arm opens trading at $56, 10% over IPO price

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SoftBank's Arm opens trading at $56, 10% over IPO price


NEW YORK -- SoftBank Group-owned chip designer Arm debuted on the Nasdaq exchange Thursday with an opening price of $56.10, about 10% more than its initial public offering price of $51. The highly anticipated IPO is the biggest listing of the year worldwide, with Arm's market valuation close to…

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