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SoftBank Is Seeking at Least $60 Billion in Arm IPO.

SoftBank is poised to appoint Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. to lead a loan transaction for $Armada Mercantile Ltd (ARM.CA)$ ahead of the planned initial public offering. 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.
SoftBank Is Seeking at Least $60 Billion in Arm IPO.
It would mean convincing investors that Arm deserves a higher valuation than its semiconductor peers -- and what the business would have fetched in the $40 billion $NVIDIA (NVDA.US)$ deal, which collapsed under regulatory pressure.

Chip stocks enjoyed a big run-up during the pandemic, fueled in part by demand for work-at-home technology, but they’ve cooled this year.
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