Arm Aims to Raise up to $4.87 Billion in US IPO
SoftBank Group's Arm is aiming to raise up to $4.87 billion in the chip designer's U.S. initial public offering, a regulatory filing showed on Tuesday.SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for a price of between $47 and $51 apiece.Arm's return to the public markets will be a milestone for SoftBank, as it taps several marquee technology names as investors in the company whose designs power more than 99% of the world's smartphon
