SoftBank Group Corp. is seeking a valuation of at least $60 billion (¥7.3 trillion) for Arm Ltd. when the business goes public, according to people familiar with the matter, aiming for a higher amount than it would have gotten from its failed sale of the chip designer to Nvidia Corp.
SoftBank is poised to appoint Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. to lead a loan transaction for Arm ahead of the planned initial public offering, according to the people, who asked not to be identified because the situation is private. The firms handling the loan are likely to also have lead roles on the IPO, but the lineup isn’t final and more banks could be added, the people said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.