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Arm has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.
Raine Securities LLC is taking on the role of financial advisor in connection with the proposed offering. Barclays, Goldman Sachs, J.P. Morgan, and Mizuho are acting as joint book-running managers for the offering.
Earlier reports from Reuters have indicated that SoftBank aimed to position Arm with a valuation in the range of $60 billion to $70B for the IPO.
