The SoftBank-owned Arm is expected to receive considerable investment from Apple and other chip companies as part of its IPO, a report claims, with the introduction to the market now thought to occur in mid-September.SoftBank has been eyeing an IPO for chip design unit Arm for quite some time, but it now seems that the initial public offering will be happening in the fall. As part of that IPO, Apple and other major chip firms may want a piece of the action.According to sources of Nikkei, SoftBank plans to float Arm on Nasdaq in September, with expectations that the deal could be worth more than $60 billion. SoftBank will make the IPO official with an application to the U.S. Securities and Exchange Commission later in August, followed by gaining approval from Nasdaq itself. Read more
