Apple and Samsung will invest in Arm ahead of the September IPO

TOKYO/LONDON — Arm, the British chip design unit of SoftBank Group, plans to float its shares in an initial public offering on the Nasdaq in September, the Nikkei has learned. The unit’s market capitalization by then is expected to exceed $60 billion, which would make the deal the world’s largest initial public offering so far this year.

SoftBank will officially apply for listing with the US Securities and Exchange Commission later this month. You then need to get approval from Nasdaq. The world’s leading chipmakers, including Apple, Samsung Electronics, Nvidia and Intel, will invest in Arm as soon as the company goes public.