Amazon reportedly in talks to turn into anchor investor in Arm’s upcoming IPO

Amazon.com Inc. is in talks to be one of many anchor buyers in chip designer Arm Ltd.’s preliminary public providing, Reuters reported late Tuesday.

According to Reuters, Amazon
AMZN,
-1.60%
is amongst about 10 tech firms — together with Intel Corp.
INTC,
-0.60%
and Nvidia Inc.
NVDA,
-1.66%
— which have mentioned backing Arm’s providing, which is predicted to boost as a lot as $10 billion. Reuters stated Arm is taking a look at an early September IPO date.