SoftBank’s Arm set to target IPO valuation of US$50 billion to US$55 billion: sources

ARM Holdings is targeting a valuation between US$50 billion to US$55 billion for its much-awaited initial public offering (IPO), ahead of its roadshow with investors next week, according to people familiar with the matter.

Arm, the chip designer owned by SoftBank Group, is expected to set a price range for its offering next week, the sources said. Arm plans to price its shares on Sep 13, with stock trading on the Nasdaq to start the following day.

SoftBank plans to sell about 10 per cent of Arm’s shares in the IPO, Reuters has previously reported. SoftBank decided to sell fewer Arm shares in the IPO after buying the 25 per cent stake in Arm it did not directly own from its Vision Fund unit in August. REUTERS