British chip designer Arm valued at nearly $60 bn up 25% in Nasdaq debut The Statesman – The Statesman

British chip designer Arm valued at nearly $60 bn up 25% in Nasdaq debut British chip designing giant Arm, which was valued at almost $60 billion at the open, has jumped about 25 per cent during its first day of trading after selling shares at $51 a piece in its US initial public offering (IPO).