Arm is determined to submit an application in the U.S. Securities and Exchange Commission

Recently, Arm’s parent company, Softbank, confirmed its intention to resume public trading later this year, and has officially submitted its application to the U.S. Securities and Exchange Commission (SEC), with plans to re-enter the market by year’s end.

Although Arm has not disclosed its initial public offering (IPO) price or target, Reuters reports suggest that the company aims to raise between $8 billion and $10 billion through this relisting.

By choosing to list within the United States, Arm evidently seeks to capitalize on a multitude of American investment opportunities. After all, numerous technology companies, including Qualcomm and Apple, are predominantly based in the United States, while others such as MediaTek and Samsung maintain a presence there. Consequently, listing in the U.S. is expected to attract considerable capital.

However, Arm has not ruled out the possibility of listing in the United Kingdom, though no concrete plans have been made.

Prior to its acquisition by Softbank in 2016, Arm had been listed on the London Stock Exchange for over 18 years. A potential acquisition by NVIDIA was considered, but ultimately blocked by regulators in the United States and European Union on the grounds of potential market monopolization. As a result, Softbank decided to re-list Arm in order to mitigate the repercussions of previous investment failures.