 when the chip designer is returned to the public stock markets, Bloomberg reported. Sources said the British company, whose products feature in about 90pc of the world's smartphones, could be worth between $60bn and $70bn as SoftBank drums up interest from investors. An investor roadshow is reportedly due to start touring in September with confirmed pricing details being revealed the following week. SoftBank is also seeking to raise between $8bn and $10bn from the deal, which would also be a record for a floatation of a UK company. Seeking a valuation as high as $70bn could prompt disquiet from chipmaker Nvidia, however, which was approached by Softbank to be an anchor investor in Arm's float. The US chip business reportedly wanted to invest at well below Arm's preferred price, somewhere around $35bn (£27.4bn). Nvidia previously bid to buy Arm outright for $40bn (£31.3bn) in 2021, only to be thwarted by a UK national security investigation. Anchor investors are big names who put money in immediately before a public market offering, as a way of sustaining other investors' confidence in the company's price.){kind=link}
Owner SoftBank is looking for a $70bn valuation when it lists in New York
The owners of British chip designer Arm are seeking a record float valuation for a UK company when it lists in New York.
Softbank, Arm’s Japanese owners, are looking to be valued at $70bn (£55bn) when the chip designer is returned to the public stock markets, Bloomberg reported.
Sources said the British company, whose products feature in about 90pc of the world’s smartphones, could be worth between $60bn and $70bn as SoftBank drums up interest from investors.
An investor roadshow is reportedly due to start touring in September with confirmed pricing details being revealed the following week. SoftBank is also seeking to raise between $8bn and $10bn from the deal, which would also be a record for a floatation of a UK company.