Arm files for IPO, but SoftBank will retain control
SBG intends that Arm will continue to be a consolidated subsidiary of SBG following the completion of the proposed initial public offering. SBG does not expect that any such offering would have a material effect on its consolidated results or financial position.
That wording is confirmation that SoftBank intends to retain a majority holding in Arm even after the listing. Stating that the float won't have a material impact on its results or financial position suggests only a small slice of Arm will be floated. Arm's Saturday disclosure doesn't indicate the outfit filed on the weekend, as the United States Securities and Exchange Commission allows non-public filings. The disclosure may instead reflect Arm's decision to confirm the accuracy ofPrognosticators still, however, have plenty to ponder. Both Arm's and SoftBank's statements added"The size and price range for the proposed offering have yet to be determined.
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