Arm in talks to add Nvidia as anchor investor for IPO, FT reports

SoftBank (SFTBY)-owned Arm is in talks to add Nvidia (NVDA) as an anchor investor while the company moves ahead with plans for a New York IPO as soon as September, The Financial Times reports. Nvidia’s planned $66B acquisition of Arm was abandoned last year after the deal was challenged by regulators. According to people briefed on the talks, Nvidia is one of several Arm partners, including Intel (INTC), that the UK-based company is hoping will take a long-term stake at the IPO stage.