SoftBank Group has named some of Arm's biggest clients as strategic investors in the chip company's IPO, including Apple, Nvidia, Intel and Samsung. Investors also include Alphabet, AMD, Cadence Design Systems and Synopsys.
SoftBank has been in discussions with Arm customers and partners for months and is finalizing its plans.
However, details may change as the company approaches its initial public offering (IPO), which is expected to begin going to investors next week and will require between $25 million and $100 million in financing.
Support from some of the biggest names in technology is helping propel the bid, which is expected to raise between $5 billion and $7 billion.
SoftBank, which acquired Arm in 2016, had previously targeted the value of its chip business at $60 billion to $70 billion, but the actual value is likely to be between $50 billion and $60 billion.
SoftBank has benefited from investor interest in the chip industry, which has benefited from spending on artificial intelligence devices. The Philadelphia Stock Exchange's semiconductor market index has soared this year, far outperforming the Standard & Poor's 500 and other major indexes.
Arm, which provides the chip design and underlying licensing technology for smartphones that sell more than a billion units annually, has sought to expand into new areas in recent years, such as computers used in data centers.
The company plans to price its shares on September 13, and stock trading is expected to begin the following day. Arm had initially hoped to raise between $8 billion and $10 billion, but lowered its target after SoftBank decided to increase its holdings, which included buying shares. Chip designer vision box. The deal values the chip company at more than $64 billion.
Arm's successful listing is a huge boon for SoftBank Group Corp.'s CEO. Masayoshi Son after the Vision Fund suffered a record $30 billion loss last year. A successful IPO can inspire dozens of companies to move forward with their IPO plans.
Arm has drafted a long list of IPO underwriters, led by Barclays, Goldman Sachs, JPMorgan and Mizuho, reflecting the company's global reach and banks' willingness to participate in large deals.