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UK chipmaker Arm targets $60B-plus valuation for September IPO


British chip maker Arm is targeting an initial public offering (IPO) at a valuation of between $60bn and $70bn as early as September, amid surging demand for semiconductors for cloud computing, AI, and EV applications.   The roadshow is scheduled to start the first week of September with pricing for the IPO the following week, Bloomberg reports, citing people familiar with the matter. A roadshow in this context is a series of lead-up events that give a company the chance to showcase its value proposition, wow potential investors, and ultimately, increase their buy-in.    Arm looks to raise as much as $10bn…

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