SoftBank’s Arm Aims to Raise $8 Billion in US IPO: Reuters (1)

SoftBank Group Corp.’s Arm Ltd. is seeking to raise at least $8 billion in a US initial public offering, Reuters reported.

The British chip designer is expected to confidentially submit paperwork for its IPO in late April with the listing expected to take place later this year, the news agency said, citing unidentified people familiar with the matter. An exact timing will be determined by market conditions, according to the report.

The reported size of the listing would make Arm one of the largest IPOs in the US of the last decade. Bankers had pitched a valuation of between ...