SoftBank Begins to Pitch Arm IPO as Nvidia Gives Up on Deal
- Founder Son says debut will be in the U.S., probably on Nasdaq
- With the importance of Arm’s tech, IPO could be biggest yet
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SoftBank Group Corp. founder Masayoshi Son said he plans an initial public offering in the U.S. for Arm Ltd. after Nvidia Corp. bowed to regulatory opposition and gave up on its proposed acquisition of the British chip designer.
While the Japanese billionaire announced the deal’s termination as his conglomerate announced earnings for the quarter ended in December, he spent much of the 90-plus minute conference call with investors and analysts pitching the potential for Arm.