SFTBF - Goldman Sachs reportedly on track to lead Arm Holdings IPO

Goldman Sachs is said to be in the driver's seat to underwrite the upcoming initial public offering of British semiconductor technology giant Arm Holdings in an IPO that could value up the company at as much as $60 billion. SoftBank Group (OTCPK:SFTBF), which owns Arm, is close to picking Goldman Sachs as the lead underwriter for the IPO, according to Reuters, which cited three people "familiar with the matter" as confirming the report. SoftBank has said it will likely take Arm public and list it on the Nasdaq Composite Index by March 2023. The IPO plans come after graphics chipmaking giant Nvidia (NASDAQ:NVDA) in February dropped its plans to acquire Arm in a deal worth about $40 billion. Nvidia (NVDA) had spent more than a year trying to acquire Arm, but pulled the plug on its efforts following multiple roadblocks and lawsuits from regulators in the United States and Europe

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Goldman Sachs reportedly on track to lead Arm Holdings IPO