SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

SoftBank this month shelved its blockbuster sale of Arm to U.S. chipmaker Nvidia Corp valued at up to $80 billion citing regulatory hurdles, seeking to list the company instead.

Britain's Arm, which named a new chief executive last week, said it would go public before March 2023 and SoftBank CEO Masayoshi Son indicated that would be in the United States, most likely the Nasdaq.

  - Reuters