Apple, Samsung to invest in Arm as it eyes September IPO

SoftBank chip design unit to debut on Nasdaq, market cap seen topping $60bn

SoftBank Group plans to list shares in its chip deign unit, Arm, on the Nasdaq in September in a deal expected to be worth $60 billion or more. (Source photos by Reuters and Getty Images)

MASAYUKI SHIKATA and AKIRA YAMASHITA, Nikkei staff writers

August 8, 2023 19:00 JST

TOKYO/LONDON -- SoftBank Group's British chip design unit, Arm, plans to float its shares in an initial public offering on the Nasdaq in September, Nikkei has learned. The unit's market capitalization by that time is expected to be more than $60 billion, which would make the deal the world's biggest initial public offering so far this year.