SoftBank seeks Arm valuation up to $52bn with Nasdaq listing

U.K. chip developer would be largest IPO of 2023

20230905N ARM Son

 SoftBank Group Chairman and CEO Masayoshi Son has placed Arm at the center of his AI strategy. (Photo by Taro Yokosawa)

Nikkei staff writers

NEW YORK -- SoftBank Group's chip developer Arm said Tuesday in a regulatory filing with the Securities and Exchange Commission that it seeks an initial public offering price of around $47-$51 per share, a level that would give it a market capitalization of around $52 billion.

The listing sought for the Nasdaq exchange would be the largest of the year.

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