Arm has submitted an IPO application, which is expected to be the biggest case this year

British chip designer Arm said it had submitted an application for an Initial Public Offering (IPO) over the weekend, which could be the largest IPO this year. Arm secretly submitted a draft registration statement (Draft Registration Statement) on Form F-1 related to American Depository Shares to the competent authority, the Securities and Exchange Committee (SEC), on April 30, which means that it has launched a stock public offering The formal application process for issuing an IPO.