Arm files for Nasdaq IPO, setting up possible largest listing of 2023

SoftBank-owned U.K. chip designer reveals 1% revenue dip last fiscal year

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SoftBank had planned to sell the company to Nvidia before regulators expressed opposition to the deal. © Reuters

MARRIAN ZHOU, Nikkei staff writer

NEW YORK -- SoftBank Group-owned chip designer Arm on Monday filed with the U.S. Securities and Exchange Commission for an initial public offering on the Nasdaq exchange as early as next month, a highly anticipated move expected to produce the biggest listing of the year.

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