SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year

SoftBank Group’s Arm is seeking a valuation of more than $52 billion in its initial public offering as the chip designer heads for the biggest stock market flotation of the year.

SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range, a regulatory filing showed on Tuesday.

Its recent deal to acquire the 25% stake in Arm that it did not already own from its Vision Fund unit had valued the company at $64 billion.