Deals
Arm Courts Intel as Anchor Investor in Upcoming IPO
- SoftBank-backed Arm is in talks with Intel, other companies
- Arm is seeking to raise as much as $10 billion in IPO
Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with potential strategic investors including Intel Corp. to anchor what will be one of the largest initial public offerings of the year, people familiar with the matter said.
UK-based Arm has held talks with other companies about participating in the IPO, according to the people, who asked not to be identified discussing confidential information.
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Arm Courts Intel as Anchor Investor in Upcoming IPO