Softbank CEO Masayoshi Son Set To Finalize Arm Semiconductor Listing Deal for IPO by This Week

Softbank Group Corp SFTBF SFTBY chief Masayoshi Son prepares to reach a deal with Nasdaq to list chip designer Arm Ltd by this week.
Softbank and the New York Exchange reached a tentative agreement over Arm’s proposed listing on Monday, the Financial Times reports citing familiar sources.
The move represents the first formal step in the IPO process likely to end speculation over Son’s plans for the Cambridge-based company after a deal to sell it to rival Nvidia Corp NVDA collapsed in early 2022.
Son recently stepped back from front-line management of Softbank’s other investment activities to concentrate on the turnaround and float of Arm.
Investors said that given the difficulty of directly comparing Arm with any other company, a realistic valuation could range between $30 billion - $70 billion.
Reportedly Softbank did not look to dual-list Arm on another exchange.
The success of the IPO will be critical for Softbank to engineer a turnaround as analysts expect the group to log two straight years of losses when it reports its results next month.
Ahead of the IPO, Son has focused on revamping Arm’s business model to drive up its profits.
Recent reports suggested Arm is seeking to raise prices for its chip.
Price Action: SFTBY shares closed higher by 1.03% at $19.40 on Tuesday.