SoftBank is offering 95.5 million American depository shares of Arm for $47 to $51 each and is aiming to pull in $4.87 billion on the high end, according to a regulatory filing.
"IPOs are a sign of economic and market optimism because they represent increased risk taking by investors," Quincy Krosby, chief global strategist at LPL Financial, told FOX Business.
"When the IPO market is fully restored, it is typically associated with a ‘risk on’ market that is underpinned by easier financial conditions," he added. "For the average consumer who is invested in the market, either via an IRA or 401 plan, for example, overall market conditions are typically positive."
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