Arm is expected to unveil its filing for an initial public offering as soon as Monday, giving the market a peek at the chip designer’s financial health seven years after it was acquired by SoftBank Group Corp.

The IPO, planned for September, is on track to be the year’s largest and could be one of the biggest tech listings ever on a US exchange. While Bloomberg News reported Arm was aiming to be valued at $60 billion to $70 billion in an IPO raising $8 billion to $10 billion, that target could be lower since SoftBank has decided to hold onto more of the company after buying Vision Fund’s stake in it.

Arm won’t have to disclose the proposed size and price of the share sale until later filings with the US Securities and Exchange Commission.

The listing is set to be the largest in the US since electric-vehicle maker Rivian Automotive Inc.’s $13.7 billion offering in November 2021. An all-time high of $339 billion was raised in more than 1,000 IPOs that year before the window for new major listings was all but closed.

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‍Source: Wall Street Journal