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SoftBank considering $8 billion margin loan as part of Arm IPO – Bloomberg News

SoftBank Group Corp is asking banks vying to be part of a possible itemizing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on Wednesday, citing folks acquainted with the matter.

SoftBank this month shelved its blockbuster sale of Arm to U.S. chipmaker Nvidia Corp valued at as much as $80 billion citing regulatory hurdles, in search of to record the corporate as a substitute.

Britain’s Arm, which named a brand new chief govt final week, mentioned it will go public earlier than March 2023 and SoftBank CEO Masayoshi Son indicated that may be within the United States, most probably the Nasdaq.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)

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