By Josh Beckerman
Chip designer Arm Holdings has filed paperwork for its highly anticipated initial public offering.
The Wall Street Journal recently reported that SoftBank Group bought a 25% stake in Arm Ltd. that was held by SoftBank's Vision Fund unit, in a deal that valued Arm at slightly more than $64 billion, according to people familiar with the matter. SoftBank at a corporate level already owned the other 75%.
Arm has applied to list its American depositary shares on the Nasdaq Global Select Market under symbol ARM.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
08-21-23 1655ET