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Thursday, May 2, 2024

IPO Report: SoftBank’s Arm confidentially files for massive IPO

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IPO Report

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SoftBank bought Arm in 2016 for about $32 billion.


AFP/Getty Images

Arm Ltd., the British chip maker owned by Japan’s SoftBank Group Corp., confidentially filed for its long-awaited initial public offering over the weekend.

Arm said Saturday that it submitted a draft registration statement for its IPO with the U.S. Securities and Exchange Commission, but did not reveal its size or price range.

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