It rose from $56.10 to $63.59 much higher than the $51 presented on Wednesday.
This made it the largest public listing in the US in nearly two years.
As a result, banks had closed their order books one day early on Tuesday.
Arm doesnt produce or sell actual computer chips.
Rather, it designs their blueprints and then sells those along with the intellectual property and instruction sets.
This approach has earned it a unique and essential role in the semiconductor supply chain.
Strategicinvestorsin the IPO include some of Arms biggest customers Nvidia, Intel,Apple, Samsung, and TSMC.
The upped valuation is in line with an internal transaction last month.
Vision Fund lost a staggering $30bn last year after betting on an array of unsuccessful startups.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
