The drought in tech IPOs the past 18 months is about to break — and it’s a key moment for leading advisor Goldman Sachs.
initially to the roughly $55 billion that represents the top end of a target share price of $47 to $51.
Further, Arm is selling an unusually small slice of its overall stock, about 9%, which helps drive scarcity. That small public float means new investors will have fewer rights related to voting power and corporate governance, Trainer noted.
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