Arm IPO Is Helping to Revive the Market for Pre-Offer Investing
Arm’s multi-billion dollar IPO looks set to be year’s largest
Demand for companies prior to listing reaches $1.4 billion
Arm Holdings Ltd.’s multi-billion dollar initial public offering, which is set to launch in a week, is helping to revive interest in one small, battered corner of the financial market: stakes in companies that are set to go public soon.
Buying interest, or bids for so-called late-stage private stakes, has risen to about $1.4 billion from $1 billion at the depth of the stock market correction last year, according to Rainmaker Securities, which facilitates such transactions…Read Full Article