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2023-03-06

SoftBank's Arm Aims to Raise at Least $8 Billion in U.S. IPO, Sources Say

NEW YORK, March 5 (Reuters) - Arm Ltd, the British chip designer owned by Japan's SoftBank Group Cor

SoftBank's Arm Aims to Raise at Least $8 Billion in U.S. IPO, Sources Say

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The listing is expected to happen later this year and the exact timing will be determined by market conditions, the sources added.</p><p>SoftBank has picked four investment banks to lead what is expected to be the most high-profile stock market flotation in recent years. Goldman Sachs Group Inc, JPMorgan Chase &amp; Co, Barclays and Mizuho Financial Group are expected to be the lead underwriters for the deal, the sources said, adding that no bank has been picked for the much-coveted &#34;lead left&#34; position yet.</p><p>The Australian Financial Review reported on the lead banks earlier on Sunday.</p><p>The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said.</p><p>Barclays, JPMorgan and SoftBank did not immediately respond to requests for comment. Arm, Goldman Sachs and Mizuho declined to comment.</p><p>A successful listing for Arm this year would provide a boost to the IPO market, which has been largely frozen since Russia&#39;s invasion of Ukraine in February 2022 triggered market volatility and a huge sell-off in tech stocks.</p><p>The IPO market briefly flickered back to life last month as a number of companies including solar tech firm Nextracker Inc and Chinese sensor maker Hesai Group listed their shares on U.S. stock exchanges, but investors still remain wary of betting on new stocks.</p><p>IPO advisors are not expecting a full-blown recovery in capital markets until the latter half of this year.</p><p>Arm said last week it would pursue a U.S.-only listing this year, dashing the British government&#39;s hopes that the tech giant would return to the London stock market.</p><p>SoftBank has been pursuing a listing for Arm since its deal to sell the chip designer to Nvidia Corp for $40 billion collapsed last year because of objections from U.S. and European antitrust regulators.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The listing is expected to happen later this year and the exact timing will be determined by market conditions, the sources added.</p><p>SoftBank has picked four investment banks to lead what is expected to be the most high-profile stock market flotation in recent years. Goldman Sachs Group Inc, JPMorgan Chase &amp; Co, Barclays and Mizuho Financial Group are expected to be the lead underwriters for the deal, the sources said, adding that no bank has been picked for the much-coveted &#34;lead left&#34; position yet.</p><p>The Australian Financial Review reported on the lead banks earlier on Sunday.</p><p>The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said.</p><p>Barclays, JPMorgan and SoftBank did not immediately respond to requests for comment. Arm, Goldman Sachs and Mizuho declined to comment.</p><p>A successful listing for Arm this year would provide a boost to the IPO market, which has been largely frozen since Russia&#39;s invasion of Ukraine in February 2022 triggered market volatility and a huge sell-off in tech stocks.</p><p>The IPO market briefly flickered back to life last month as a number of companies including solar tech firm Nextracker Inc and Chinese sensor maker Hesai Group listed their shares on U.S. stock exchanges, but investors still remain wary of betting on new stocks.</p><p>IPO advisors are not expecting a full-blown recovery in capital markets until the latter half of this year.</p><p>Arm said last week it would pursue a U.S.-only listing this year, dashing the British government&#39;s hopes that the tech giant would return to the London stock market.</p><p>SoftBank has been pursuing a listing for Arm since its deal to sell the chip designer to Nvidia Corp for $40 billion collapsed last year because of objections from U.S. and European antitrust regulators.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","BK4554":"元宇宙及AR概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4587":"ChatGPT概念","SFTBY":"软银集团","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4132":"无线电信业务","SG9999002232.USD":"Allianz Global High Payout USD","BK4543":"AI","BK4527":"明星科技股","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4579":"人工智能","BK4550":"红杉资本持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","NVDA":"英伟达","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4096":"电气部件与设备","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0971096721.USD":"富达环球金融服务 A","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4124":"机动车零配件与设备","BK4548":"巴美列捷福持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317198497","content_text":"NEW YORK, March 5 (Reuters) - Arm Ltd, the British chip designer owned by Japan's SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year, people familiar with the matter said on Sunday.Arm is expected to confidentially submit paperwork for its initial public offering in late April, the sources said, speaking on condition of anonymity because the discussions are confidential. The listing is expected to happen later this year and the exact timing will be determined by market conditions, the sources added.SoftBank has picked four investment banks to lead what is expected to be the most high-profile stock market flotation in recent years. Goldman Sachs Group Inc, JPMorgan Chase & Co, Barclays and Mizuho Financial Group are expected to be the lead underwriters for the deal, the sources said, adding that no bank has been picked for the much-coveted \"lead left\" position yet.The Australian Financial Review reported on the lead banks earlier on Sunday.The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said.Barclays, JPMorgan and SoftBank did not immediately respond to requests for comment. Arm, Goldman Sachs and Mizuho declined to comment.A successful listing for Arm this year would provide a boost to the IPO market, which has been largely frozen since Russia's invasion of Ukraine in February 2022 triggered market volatility and a huge sell-off in tech stocks.The IPO market briefly flickered back to life last month as a number of companies including solar tech firm Nextracker Inc and Chinese sensor maker Hesai Group listed their shares on U.S. stock exchanges, but investors still remain wary of betting on new stocks.IPO advisors are not expecting a full-blown recovery in capital markets until the latter half of this year.Arm said last week it would pursue a U.S.-only listing this year, dashing the British government's hopes that the tech giant would return to the London stock market.SoftBank has been pursuing a listing for Arm since its deal to sell the chip designer to Nvidia Corp for $40 billion collapsed last year because of objections from U.S. and European antitrust regulators.","news_type":1},"isVote":1,"tweetType":1,"viewCount":434,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}