© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo
(Reuters) – SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.
SoftBank this month shelved its blockbuster sale of Arm to U.S. chipmaker Nvidia (NASDAQ:NVDA) Corp valued at up to $80 billion citing regulatory hurdles, seeking to list the company instead.
Britain’s Arm, which named a new chief executive last week, said it would go public before March 2023 and SoftBank CEO Masayoshi Son indicated that would be in the United States, most likely the Nasdaq.