Consistent with previous revelations, Arm recently announced in a press release that the company has submitted an application form to the US Securities and Exchange Commission (SEC) and is expected to be listed before the end of this year.
According to previous reports from Reuters, Arm hopes to raise 8 billion to 10 billion US dollars, but Arm said that the size and price range of the proposed issue has not yet been determined.
SoftBank has been working on listing Arm since its sale of Arm to Nvidia last year for $40 billion fell through due to opposition from U.S. and European antitrust regulators.
Earlier this year, Arm rejected a British government call for a London listing and said it would seek a listing on a U.S. exchange.
Arm’s IPO preparations are being led by Goldman Sachs, JPMorgan, Barclays and Mizuho Financial Group.
