Chip designer Arm reveals filing for blockbuster U.S. IPO

SoftBank-backed chip designer Arm Holdings disclosed in its paperwork for a U.S. initial public offering (IPO) that is expected to be the largest listing of the year. Manya Saini, Jaiveer Shekhawat, and Stephen Nellis for Reuters:The British firm has survived the chip industry downturn better than most and is moving into segments that are still booming, such as cloud computing.
For the year ended March 31, Arm’s sales fell to $2.68 billion, hurt mainly by a slump in global smartphone shipm