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Sources: SoftBank's Arm is targeting an IPO at a valuation of between $60B and $70B as soon as September 2023, a sign of bullish interest in AI chips

- Chip design firm may raise as much as $10 billion in debut  — Nvidia, Intel are in discussions to be anchor investors

Bloomberg

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  • @pelstrom Peter Elstrom on x
    So perhaps Masayoshi Son and Softbank will finally catch a break. Arm is targeting a valuation of at least $60 billion for its September IPO as chip stocks rally on AI euphoria. @leeminjeong83 @turnergs @ianmking https://www.bloomberg.com/... via @technology