Reuters reported on April 30 that ARM has submitted a confidential application to US regulators on Saturday, paving the way for the biggest initial public offering (IPO) of the year. Despite unfavourable market conditions, SoftBank is moving forward with the blockbuster offering after announcing in March its intention to list on the US stock market. This year, US IPOs (excluding special purpose acquisition companies or SPACs) have decreased by 22% to $2.35 billion due to stock market volatility and economic uncertainty, discouraging many potential IPO candidates. ARM is planning to sell its shares on Nasdaq later this year, aiming to raise between $8 billion and $10 billion (equivalent to 55.36 billion to 69.2 billion yuan). ARM confirmed the planned IPO and stated that the offering's size and price range have yet to be determined. However, the timing and size of the IPO are subject to market conditions, according to insiders who spoke on condition of anonymity because the matter is confidential. Both SoftBank and ARM declined to comment. SoftBank has been working on listing ARM since the $40 billion (equivalent to 276.8 billion yuan) sale of ARM to Nvidia last year fell through due to opposition from US and European antitrust regulators. Earlier this year, ARM rejected the UK government's proposal for a London listing and instead opted for a US exchange. Goldman Sachs, JPMorgan, Barclays, and Mizuho Financial Group are leading ARM's IPO preparations. So guys, if you liked this post and wish to receive more tech stuff delivered daily, don't forget to subscribe to the Inspire2Rise newsletter to obtain more timely tech news, updates and more! Keep visiting for more such excellent posts, internet tips, and gadget reviews, and remember we cover, "Everything under the Sun!" Follow Inspire2rise on Twitter. | Follow Inspire2rise on Facebook. | Follow Inspire2rise on YouTube.