SoftBank's Arm in talks to bring Nvidia as anchor investor in IPO - report
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Ahead of Softbank-owned Arm's (ARMHF) initial public offering this year, the U.K. chip designer is in talks to bring in Nvidia (NASDAQ:NVDA) as a potential anchor investor, the Financial Times reported, citing several people in the know.
Arm (ARMHF) has been in discussions with at least ten companies about participating in its IPO, including Intel (INTC), Alphabet (GOOG), Apple (AAPL), Microsoft (MSFT), Taiwan Semiconductor (TSM), and Samsung (OTCPK:SSNLF).
The valuation of Arm (ARMHF) is still being discussed among potential investors. Nvidia (NVDA) will likely participate in the IPO if the offering price would put Arm's (ARMHF) total value at $35B-$40B, while Arm wants its valuation to be closer to $80B.
Talks with Nvidia (NVDA) have not concluded yet, and may not lead to an investment, the FT report said.
The development comes over a year after Nvidia's (NVDA) planned acquisition of Arm (ARMHF), which would've been the chip sector's largest deal on record, was terminated due to regulatory challenges. 
SoftBank (OTCPK:SFTBY) is looking to raise up to $10B in the Arm (ARMHF) IPO, which would make it the largest U.S. IPO since Rivian's. The Japanese conglomerate could launch the IPO as soon as September.
Arm (ARMHF) declined to comment on the matter, while Nvidia (NVDA) did not immediately respond to a request for comment.
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