ARM to go public with IPO: valued at $60 billion

In February NVIDIA announced that it had abandoned its acquisition of ARM, which was announced in September 2020 and was worth $40 billion at the time, but with NVIDIA's stock price soaring, the deal rose to more than $66 billion, almost 400 billion yuan, almost becoming the most expensive semiconductor acquisition in history.

Now ARM can not sell, and there will be no company will dare to buy ARM in a short period of time, and now ARM's parent company SoftBank Group is eager to get rid of, the only road in front of the IPO listing, sources said SoftBank is prepared to appoint Goldman Sachs Group, JP Morgan Chase and Mizuho Financial Group to lead a loan transaction before the planned ARM IPO.

The company handling the loan may also play a major role in the IPO, but that lineup has not been finalized and more banks may be added, people familiar with the matter said.

As for the value of ARM, SoftBank is aiming for no less than $60 billion, a price that is 50 percent higher than the $40 billion NVIDIA paid for ARM in the first place and about the same as the final value before the failed acquisition, which cost SoftBank $32 billion in 2016.