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SoftBank’s Arm Targets $60 Billion-Plus Value for September IPO

Aug 02, 2023 - news.bensbites.co
SoftBank Group Corp.'s semiconductor unit, Arm Ltd., is planning an initial public offering (IPO) with a valuation of between $60 billion and $70 billion as early as September. This move indicates a growing interest in artificial-intelligence chips. The roadshow for the IPO is set to begin in the first week of September, with pricing to be announced the following week.

Earlier this year, valuations for the chip designer were estimated to be between $30 billion and $70 billion. The current target for Arm's valuation highlights a shift in market sentiment towards technologies associated with generative AI and chips.

Key takeaways:

  • SoftBank Group Corp.’s semiconductor unit Arm Ltd. is planning an initial public offering (IPO) at a valuation of between $60 billion and $70 billion as early as September.
  • This move indicates a strong interest in artificial-intelligence chips.
  • The roadshow for the IPO is scheduled to start the first week of September with pricing for the IPO the following week.
  • Earlier this year, bankers were pitching a range of valuations for the chip designer from $30 billion to $70 billion.
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