Nvidia Said to Be in Talks to Help Anchor IPO of SoftBank’s Arm
- Nvidia’s earlier deal to purchase Arm fell apart last year
- SoftBank is preparing for the biggest IPO of the year
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Nvidia Corp. is in talks to join a list of investors in anchoring an initial public offering of Arm Ltd., the chip designer backed by SoftBank Group Corp., according to people familiar with the discussions.
The group of IPO backers won’t be finalized until the offering gets underway in the fall, and the parties aren’t currently close to a formal agreement, said the people, who asked not be identified because the deliberations are private. The final list of anchor companies is likely to number five or six, one of the people said.