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SoftBank puts stamp on Arm IPO as Mizuho wins top underwriter spot

Japan bank expanded U.S. business, snagging role in year's largest listing

SoftBank Group, led by Chairman and CEO Masayoshi Son, is listing British chip design unit Arm on Sept. 14.   © Reuters

TOKYO/LONDON -- U.K. chip design house Arm's initial public offering scheduled for Thursday is being handled by an extensive roster of well-known underwriters familiar from past SoftBank Group-linked IPOs but includes a relative newcomer --- Mizuho Securities USA.

The Nasdaq listing -- poised to be the world's largest IPO this year, valuing Arm as high as $52 billion -- likely will be lucrative for its 28 bookrunners. The order book was closed early after the offering ended up more than 10 times oversubscribed.

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