Arm in talks with big clients about investing in IPO: sources

SoftBank Group Corp’s Arm is in talks with some of its biggest customers and end users about bringing on one or more anchor investors in the chip designer’s initial public offering (IPO), two sources familiar with the matter said.

Arm is talking to at least ten companies, including Intel Corp, Alphabet Inc, Apple Inc., Microsoft Corp., TSMC, and Samsung Electronics Co Ltd., about their potential participation in the IPO, one of the sources said.

The talks are preliminary and any decision about an anchor investment in Arm’s IPO won’t come till August, the source added. The investment would not come with any board seat or control, according to the source.