SoftBank looks at sale or IPO of chip company Arm

Shares surged: A man walks past SoftBank logo in Tokyo. SoftBank’s shares have more than doubled from a low in March, taking the Tokyo-based company’s market value to US$127bil. — AFP

NEW YORK: SoftBank is exploring options for selling part or all of its stake in Arm Holdings Inc, either through a private deal or a public stock listing, according to people with knowledge of the matter.

If it pursues a listing, the chip-design company could go public as soon as next year, said the people, who asked not to be identified because the deliberations are private.