That's down from the previously reported $60 billion to $70 billion valuation SoftBank-owned Arm was apparently seeking, but would still make Arm the largest tech IPO since electric vehicle-maker Rivian went public in late 2021. It's also down from the $64 billion valuation set when SoftBank recently acquired the rest of the company it didn't already own directly from its Vision Fund. A successful Arm debut could breathe new life into a depressed IPO market that has paused many venture-backed startups' plans to go public for the past two years. Last month, grocery delivery startup Instacart and marketing analytics company Klaviyo also filed their initial public offering plans, in another signal that the IPO drought may finally ease. Arm said it plans to raise $4.87 billion via the offering. Arm customers including Apple, Nvidia, Alphabet and AMD have agreed to invest in the IPO, Reuters reported, citing sources familiar with the matter. Arm's performance will be especially closely...
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