British chip designer Arm targets valuation up to $70 billion in September IPO
with regulators confidentially for a U.S. stock market listing in April, setting the stage for this year's largest initial public offering.
FILE PHOTO-A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, people familiar with the matter told Reuters in April.
Arm's designs are used to manufacture chips made by most of the world's major semiconductor companies, including Intel, AMD
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