A leading British chip designer that is part of Japan's SoftBank Group says it has filed with regulators for a US stock market listing.

Arm made the announcement on Saturday. It said the size and price range for the offering have not been determined.

The listing is expected to draw market attention as a major initial public offering.

Based in Cambridge, Britain, the firm designs chips used in smartphones and other devices. It has a dominant share in the field.

SoftBank Group acquired Arm in 2016 for about 31 billion dollars.

Reuters quoted sources familiar with the matter as saying that the offering on Nasdaq later this year seeks to raise between 8 billion and 10 billion dollars.