softbank group corp sftbf sftby backed british chip designer arm actively seeks anchor investors as it moves forward with its ipo in new york in september nvidia corp nvda is among the existing partners that arm is engaging with to secure a longterm stake in the ipo financial times reports nvidia is seeking a share price that would value arm at 35 billion  40 billion while arm aims for a valuation closer to 80 billion softbank which acquired arm for 32 billion in 2016 intends to sell down its stake in the company and having anchor investors would help support the stock during this process arm is likely the most valuable company to go public in the us since rivian automotive inc rivn had an initial market capitalization of 70 billion in late 2021 softbanks founder masayoshi son has taken a personal interest in securing anchor investors for arm and has been focusing on expanding the chip designers revenue ahead of the ipo nvidias interest in arm goes beyond being a customer as it indicates the companys ambitions to expand into central processing units cpus and compete more directly with intel corp intc the involvement of nvidia in arms ipo would position artificial intelligence ai as a significant aspect of arms growth plans aligning with nvidias expertise in ai technologies arms ipo comes when global listing volumes are picking up driven partly by improved stock prices and renewed investor interest with nvidia being a key player in the industry nvidia abandoned acquiring arm last year after the deal saw fierce opposition from regulators and customers citing restricted rivals access to arms intellectual property and nvidia gaining access to competitively sensitive information nvidia the first chipmaker to hit a 1 trillion valuation in may recently produced its first cpu using arms designs for artificial intelligence and highperformance computing price action nvda shares traded higher by 143 at 42983 on the last check monday disclaimer this content was partially produced with the help of ai tools and was reviewed and published by benzinga editors