Arm Prices $4.9 Billion IPO to Ensure Smooth Trading Debut (2)

SoftBank Group Corp.satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year’s biggest initial public offering, while resisting the temptation to try for more.

A smooth trading debut from the chip designer on Thursday could help revive a weak IPO market and provide a boost for upcoming listings from companies like Instacart Inc. and Birkenstock Holding Ltd. At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations.

Arm’s offering was oversubscribed more than 10 times, people with knowledge of the matter have said, which means investor interest exceeded supply ...