Arm Holdings (ARM), the chip design giant, is expected to start trading September 14, 2023 at a ~$49 billion valuation. At $49/share, the midpoint of its IPO price range, Arm Holdings earns an unattractive Stock Rating and is this week’s Danger Zone pick.
I think it is fair to say that the ~$49 billion valuation mark is based more on Softbank’s self-dealing in private markets to manipulate the valuation higher than the fundamentals of the company.
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