As Arm Ltd. prepares for a highly-anticipated initial public offering this year, global investment banks are pitching a yawning range of valuations for the chip designer, from $30 billion to $70 billion, according to people familiar with the matter.
The current range puts the median value of the deal at around $50 billion, a target that’s been touted by multiple bankers, according to the people. Parent company SoftBank Group Corp. had been seeking a $60 billion valuation last year, Bloomberg News previously reported.
