SoftBank's Arm targets to raise at least $8b in US IPO

SoftBank's Arm targets to raise at least $8b in US IPO

FILE PHOTO: An ARM and SoftBank Group branded board is displayed at a news conference in London, Britain July 18, 2016. REUTERS/Neil Hall/File Photo

Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year, people familiar with the matter said on Sunday.

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