In its US IPO, SoftBank’s Arm hopes to raise at least $8 billion

In its US IPO, SoftBank’s Arm hopes to raise at least $8 billion.

SoftBank Group Corp.’s British chip designer, Arm Ltd., plans to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market debut this year, people familiar with the matter said.

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The listing is anticipated to take place later this year, with the precise date depending on the state of the market.

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On Sunday morning, the Australian Financial Review published a study on the top banks.

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