Apple and Samsung to invest in SoftBank’s Arm at IPO -Nikkei

TOKYO –Apple and samsung The electronic invest at SoftBank Group-owned chip designer Arm in its initial public offering (initial public offering), scheduled for September, Japan nikkei the newspaper reported on Tuesday.

Reuters reported in June that Arm was in talks with about ten companies, including Apple, samsung and Intel: aiming to bring one or more anchors investors in the offering.

Last month, Reuters and other media reported that Arm was in talks to bring in American chip designer Nvidia as an anchor investor for the New York listing.

Apple, samsungnvidia and intel all plan invest in Arm as soon as it is listed on the market, the nikkei saying. The SoftBank-owned firm will officially file for US securities. and Exchange Commission for listing at the end of this month, the newspaper said.

Arm it plans to sell the chipmakers’ stakes for “a small percentage each,” the newspaper said.

SoftBank declined to comment. Apple and Intel did not immediately respond to Reuters requests for comment, while samsung and Nvidia declined to comment.

the long awaited initial public offering looks like a potential windfall for Softbank founder and CEO Masayoshi Son’s sprawling tech conglomerate.

SoftBank has been targeting a list for Arm since its deal to sell the chip designer to Nvidia collapsed last year over objections from antitrust regulators.

Planned US IPO Could Raise $8 Billion and $10 billion, sources told Reuters in April. In an earnings briefing on Tuesday, by SoftBank The chief financial officer did not provide details on the listing date or the fundraising target, but said preparations were going “very well.”

SoftBank posted a surprise loss on Tuesday but said it was dipping its toes back into new investmoments after its Vision Fund unit returned to the black for the first time in six quarters.

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