After failing to merge with Nvidia, SoftBank plans arm to IPO before the end of the year

According to foreign media reports, sources revealed that Arm's current owner, SoftBank Group, is seeking arm IPO before the end of this year and is more inclined to list in New York.

As for arm's final IPO time and listing location, it will be gradually revealed as the listing matters are gradually advanced.

For Arm's IPO, SoftBank Group Chairman and CEO Masayoshi Son said that they will seize the opportunity and start preparing for the IPO to achieve better development.

Nvidia's acquisition of Arm was officially announced on September 13, 2020, when it was worth $44 billion and has now reached about $66 billion, failing monday. That's just over a month from Nvidia's expected deal to close in about 18 months.

The termination of the acquisition transaction also means that Arm has no chance to enter the arms of Nvidia, and The SoftBank Group, which is committed to seeking other solutions, has also announced that it has begun to prepare for arm listing financing to promote Arm IPO.