Arm, the UK-based chip designer, is hoping to clinch a market value of more than $50bn (£40bn) in its first sale of shares to the public since 2016.
The company, which designs chips for devices including smartphones and game consoles, is seeking to raise nearly $5bn in the listing in the US.
Expected to be the biggest offering of the year, it is seen as a test of market confidence.
It follows heavy lobbying from the UK government to list in London.
Prime Minister Rishi Sunak had personally intervened in talks before the decision to pursue the listing on the Nasdaq was announced earlier this year.