Chip designer ARM targets IPO valuation of up to $55 billion: report

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Arm Holdings Ltd.’s initial public offering could give the company a valuation between $50 billion and $55 billion in what may be the biggest offering of the year.

The British chip designer, whose circuit designs lie inside billions of electronic devices, intends to start meeting as early as Tuesday with prospective investors ahead of its stock-market debut on the Nasdaq exchange the following week, according to a Wall Street Journal report, which cited multiple unnamed sources.

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