SoftBank’s Arm, the British chip designer, is preparing to raise funds through an initial public offering (IPO) on the London Stock Exchange. The company is planning to seek a price range of $47 to $51 per share in the IPO, which could value Arm at up to $44 billion. This IPO comes as SoftBank seeks to monetize some of its investments and reduce its debt load. Arm is a critical player in the global chip industry, providing designs for chips used in a variety of devices, including smartphones, Internet of Things (IoT) devices, and servers. The IPO could provide Arm with additional capital to fuel its growth and expand its market share. The final pricing and timing of the IPO will depend on market conditions, and the offering is subject to regulatory approvals.