Arm Holding Ltd. is expected to priced its initial public offering above expectations late Wednesday following intense interest. Following reports that Arm was pricing its initial public offering at $52 a share, a source close to the deal confirmed to MarketWatch that $52 was the expected price. That puts the chip designer at a $55.5 billion valuation. Previously, Arm had stated a targeted range of $47 to $51. Shares are expected to begin trading on the Nasdaq under the ticker symbol “ARM” on Thursday.

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