finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

SoftBank To Ask Goldman Sachs To Lead US IPO Of Arm

SoftBank Group Corp is set to ask Goldman Sachs Group Inc to serve as the lead underwriter on the initial public offering (IPO) of Arm Ltd that could see the UK chip company valued at as much as $60 billion.

Posted: 25th March 2022 by Finance Monthly
Share this article

Preparations for the IPO follow on from the collapse of Nvidia Corp’s deal to buy Arm from SoftBank for $40 billion after widespread objections from US and European antitrust regulators. SoftBank has announced it will likely list Arm on Nasdaq by March of next year. 

Over the past few weeks, SoftBank has interviewed investment banks for Arm’s IPO, asking them to commit to providing a credit line as part of their commitments to the deal.  

Last month, SoftBank founder Masayoshi Son promised investors that the company “will aim for the biggest IPO ever in semiconductor history,” when discussing Arm’s listing. 

While it is likely that SoftBank will list Arm in the United States, the venue of the flotation is reportedly yet to be finalised.

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram