Arm isreportedlyeyeing a valuation of between $60bn (55bn) to $70bn (64bn).
The lofty target stems from the ubiquity and efficiency of Arms semiconductor architectures particularly in mobile devices.
Arm estimates that more than 99% of the worlds smartphones use Arm-based chips.
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Softbank chose to pursue the IPO instead.
The filing arrives in a largely dormant IPO market.
Tech valuations haveplummetedduring the economic downturn, with higher inflation and interest rates spooking potential investors.
If successful, the Arm listing could give the market a valuable bounce.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
