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Chip designer Arm (ARMHF) is in discussions with potential strategic investors, including Intel (NASDAQ:INTC), to be an anchor investor in Arm’s initial public offering later this year.
Arm (ARMHF), which is majority owned by Softbank (OTCPK:SFTBY), has had talks with companies to participate in the IPO, according to a Bloomberg report, which cited people familiar with the matter. The talks are described as being at an early stage and could change ahead of the IPO. It’s not clear how much would be invested in Arm.
SoftBank (OTCPK:SFTBY) is reportedly looking to raise up to $10 billion in the Arm IPO, which would make it the largest US initial public offering since Rivian’s (RIVN), according to a Bloomberg report last month. The Japanese conglomerate could launch the IPO as soon as September.
Softbank confidentially filed for an IPO and Nasdaq listing for ARM in April. Valuations for the UK-based chip designer are said to range from $30B to $70B.
