SoftBank Is Seeking at Least $60 Billion in Arm IPO
- Goldman and JPMorgan poised to provide loan ahead of offering
- Japanese owner is seeking higher price than Nvidia offered
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SoftBank Group Corp. is seeking a valuation of at least $60 billion for Arm Ltd. when the business goes public, according to people familiar with the matter, aiming for a higher amount than it would have gotten from its failed sale of the chip designer to Nvidia Corp.
SoftBank is poised to appoint Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. to lead a loan transaction for Arm ahead of the planned initial public offering, according to the people, who asked not to be identified because the situation is private. The firms handling the loan are likely to also have lead roles on the IPO, but the lineup isn’t final and more banks could be added, the people said.