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.
IPO
SoftBank seeks Arm valuation up to $52bn with Nasdaq listing
U.K. chip developer would be largest IPO of 2023
SoftBank Group Chairman and CEO Masayoshi Son has placed Arm at the center of his AI strategy. (Photo by Taro Yokosawa)
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