Read The Latest Update On SoftBank's Arm IPO

SoftBank Group Corp SFTBY SFTBF banks jostled for roles on a potential IPO of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg reports.
Banks plan to pitch IPO valuations for Arm of upward of $50 billion.
Related Content: SoftBank Looks To List Arm In US, Ditching Its Home Market
Arm is likely worth $25 billion - $35 billion based on the industry's valuation metrics and analysts' early projections.
NVIDIA Corp's NVDA collapsed attempt to buy Arm for a combination of cash and stock was worth about $40 billion when announced in 2020 and rose to more than $60 billion as the bidder's shares climbed.
Price Action: SFTBY shares traded lower by 1.72% at $22.60 on the last check Friday.