According to Dolphin Research, SoftBank has identified some of Arm's largest customers as strategic investors for the chip company's IPO, including Apple (AAPL.US), Nvidia (NVDA.US), Intel (INTC.US), Samsung Electronics (SSNLF.US), AMD (AMD.US), Cadence Design Systems (CDNS.US), Google (GOOGL.US), and Synopsys (SNPS.US).
Insiders revealed that SoftBank has been in discussions with Arm's clients and partners for several months, but these plans have only recently been finalized. However, as the IPO approaches, the specifics may change. The company is expected to begin investor roadshows next week.
Insiders disclosed that investors will contribute between $25 million and $100 million.
The support of major technology companies will help drive this offering. Arm is expected to raise between $5 billion and $7 billion through this IPO. SoftBank's previous target was to value Arm at $60 billion to $70 billion, but the final figure may be between $50 billion and $55 billion.
Representatives from AMD, Arm, Google, Nvidia, and Synopsys declined to comment. Apple, Cadence Design Systems, Intel, and Samsung did not immediately respond to requests for comment.
Arm's IPO comes at a time of AI boom, and SoftBank hopes to benefit from investor interest in the chip industry and spending on AI devices. So far this year, the Philadelphia Semiconductor Index has outperformed the S&amp;P 500 Index and other major indices.
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Arm primarily provides chip designs and technology licenses, which are crucial components in the smartphone market with annual sales of over 1 billion units. In recent years, the company has also sought to expand its business into new areas, including computers for data centers, aiming to become part of higher-priced electronic components.
According to reports earlier this week, Arm is considering pricing its shares on September 13 and commencing trading the following day. The IPO roadshow is expected to take place after the Labor Day holiday in the United States.
Initially, Arm aimed to raise $8 billion to $10 billion, but the target was lowered after its owner, SoftBank, decided to hold more shares in the company. This includes acquiring shares in this chip design company through its Vision Fund. The transaction values the chip company at over $64 billion.
Currently, Arm has arranged a long list of underwriters for this IPO, reflecting both the company's global influence and banks' desire to secure a position in large transactions in a slow-growing IPO market this year.
Barclays, Goldman Sachs, JPMorgan, and Mizuho are the lead underwriters for this issuance.

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According to informed sources, SoftBank has listed some of Arm's largest customers as strategic investors in the chip company's IPO, including Apple, Nvidia, Intel, Samsung Electronics, and others.

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Multiple companies such as Apple and NVIDIA are expected to become strategic investors in Arm's IPO in the United States.