--SoftBank Group Corp.'s chip-design unit Arm is likely aiming to raise $8 billion or more from its U.S. initial public offering, Reuters reported Monday, citing unnamed sources. --The valuation range hasn't been finalized but U.K.-based Arm is hoping to be valued at more than $50 billion during its stock sale, the Reuters report said. Full story: reut.rs/3IVn5zzWrite to Kosaku Narioka at kosaku.narioka@wsj.com(END) Dow Jones NewswiresMarch 05, 2023 19:49 ET (00:49 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal March 06, 2023 00:54 UTC