Arm: to IPO instead

SoftBank Group Corp (9984.T) has shelved its blockbuster sale of Arm Ltd to U.S. chipmaker Nvidia Corp (NVDA.O) valued at up to $80 billion citing regulatory hurdles and will instead seek to list the company.

Britain's Arm, which named a new CEO on Tuesday, said it would go public before March 2023 and SoftBank CEO Masayoshi Son indicated that would be in the United States, most likely the Nasdaq.

https://www.reuters.com/business/softbanks-66-bln-sale-arm-nvidia-collapses-ft-2022-02-08/