Chip designer Arm files long-awaited IPO

Arm Holdings Ltd. filed to go public late Monday, registering for an offering of American depositary shares, according to a filing with the Securities and Exchange Commission. The UK-based chip architecture company, owned by SoftBank Group Corp.
9984,
+1.16%
and an unsuccessful $40 billion acquisition target of Nvidia Corp.’s
NVDA,
+8.47%
last year, said it plans to list its U.S. traded shares on the Nasdaq under the ticker “ARM.” Barclays, Goldman Sachs, JP Morgan, Mizuho, BofA Securities, Citigroup, and Deutsche Bank Securities are listed among the underwriters.