In a significant move that has set the financial world abuzz, chip design giant Arm is gearing up for its monumental initial public offering (IPO) on the illustrious New York Stock Exchange. This valuation, though substantial, falls slightly short of the reported internal valuation of $64 billion held by its parent company, SoftBank.

The anticipation surrounding this IPO has drawn the attention of a "who's who" of Big Tech companies. The likes of Apple, Intel, and Nvidia have all expressed their intent to invest in this British chip designer's maiden public offering. Distinguished names such as Apple, Intel, and Nvidia have all expressed their intentions to acquire shares in this historic IPO, endorsing the potential of this British chip designer. As financial analysts and enthusiasts eagerly await the results, it's evident that Arm's IPO is set to be nothing short of a financial spectacle.

Interestingly, Arm's decision to opt for the Nasdaq as its IPO venue came after unsuccessful attempts by the British government and stock market authorities to convince SoftBank, the parent company, to conduct the offering in London instead. The decision to go public on the Nasdaq instead of the London Stock Exchange, despite efforts from the British government and stock market leaders, signifies a bold choice by Arm.

The proposed multi-billion dollar Uber SoftBank deal appears to be progressing.

A spokesperson confirmed that Uber has decided to continue with the long-awaited investment with Soft Bank Group.

While Uber has not explained the details of the plans, the future arrangement includes a $1 billion investment, based on the latest valuation of $70 billion. A close, but unnamed source, states this deal is an extension of the recent Series G round.

Additionally, $9 billion of Uber shares is expected to be purchased from shareholders and employees alike in order to earn the group lead by SoftBank and Dragoneer Investment Group a 14% ownership stake. While a price has yet to be set, these shares are expected to be purchased at a discounted valuation.