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Reuters was first to report that SoftBank’s Arm aims to raise at least $8 billion in U.S. IPO

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Reuters was first to report that SoftBank’s Arm aims to raise at least $8 billion in U.S. IPO

6 March 2023, 12:00 am

1 min read

Reuters was first to report that Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is seeking to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year. Arm is expected to confidentially submit paperwork for its initial public offering in late April.