SoftBank’s Arm registers for blockbuster U.S. IPO
SoftBank Group Corp's chip maker Arm Ltd has submitted paperwork to U.S. regulators for a stock market listing, which could be the largest initial public offering of the year. The filing comes after SoftBank announced in March that it intended to list Arm on the U.S. stock market. The IPO registration indicates that the company is continuing with the offering despite the current market conditions. Arm is aiming to raise between $8 billion and $10 billion by selling its shares on Nasdaq later this year.0
