By Megumi Fujikawa


SoftBank Group Corp. Chief Financial Officer Yoshimitsu Goto said Tuesday that the company has made significant progress in preparing for an initial public offering of U.K. chip designer Arm.

SoftBank continues to aim for Arm's IPO by March 2024, Mr. Goto said. Ian Thornton, Arm's head of investor relations, said it hasn't made any decision on where to list.

SoftBank's previous plan to sell Arm to Nvidia Corp. fell apart last year due to antitrust concerns.


Write to Megumi Fujikawa at megumi.fujikawa@wsj.com


(END) Dow Jones Newswires

02-07-23 0430ET