- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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