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Company said to be eyeing $50bn-$55bn compared with $64bn its owner Softbank stated last month
The British computer chip designer Arm has reportedly lowered its targeted valuation as the business speaks to investors before a long-awaited stock market float in New York.
Arm is targeting a valuation between $50bn and $55bn (£40bn to £44bn), down from the $64bn valuation given by its owner, Softbank, in a transaction last month, Reuters first reported.
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