Exclusive: SoftBank hired Arm's IPO banks without clarity on fees -sources

Chip designer Arm signed up 28 banks for its upcoming IPO without disclosing a fee arrangement, demonstrating owner SoftBank's leverage over underwriters eager to participate.

reuters.com

Relevant topic timeline:

8/21/2023

What ARM's expected debut means for the IPO market and SoftBank

SoftBank-owned Arm has filed for its initial public offering (IPO), which will be a major test for the IPO market that has been stagnant due to rising interest rates, and is a significant move for SoftBank as it pivots its focus to artificial intelligence. Arm's chip designs are found in almost all smartphones globally, and the company's listing has implications for SoftBank's rebound strategy.

8/23/2023

Arm IPO Filing: Chip Maker Files To Go Public In The U.S.

Semiconductor chip company Arm has filed for an IPO on the Nasdaq, seeking a valuation of up to $70 billion, but faces risks and potential headwinds due to financial challenges and geopolitical tensions with China.

9/5/2023

SoftBank's Arm aims for over $52 bln valuation in biggest US IPO of the year

SoftBank Group's chip designer Arm is seeking a valuation of more than $52 billion in its initial public offering, targeting the largest U.S. stock market flotation of the year.

9/14/2023

SoftBank Takes Conservative Approach with Arm IPO, Leaves $1B on Table to Ensure Strong Debut

SoftBank Group CEO Masayoshi Son accepted the recommendation of his bankers to leave an extra $1 per share on the table for chip designer Arm Holdings' oversubscribed IPO, projecting a bigger pop when the stock debuts on Nasdaq, valuing Arm at $54.5 billion.

9/14/2023

SoftBank Calls Arm 'Most Important Subsidiary,' Plans Long-Term Ownership After Arm's Nasdaq Debut

SoftBank CFO Yoshimitsu Goto declared that Arm, the U.K. chip designer, is SoftBank's most crucial subsidiary and vital to its artificial intelligence strategy.

9/15/2023

SoftBank Plays it Safe with Modestly Priced Arm IPO After Recent Losses, Still attracts Big Tech Interest

SoftBank's initial public offering of Arm Holdings was a success, with the shares gaining 25% on their debut, although the company left potential profits on the table by pricing the IPO lower than it could have been.

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Posted 8/23/2023, 5:40:00 PM

Exclusive: SoftBank hired Arm's IPO banks without clarity on fees -sources

Chip designer Arm signed up 28 banks for its upcoming IPO without disclosing a fee arrangement, demonstrating owner SoftBank's leverage over underwriters eager to participate.

reuters.com

Relevant topic timeline:

8/21/2023

What ARM's expected debut means for the IPO market and SoftBank

8/23/2023

Arm IPO Filing: Chip Maker Files To Go Public In The U.S.

9/5/2023

SoftBank's Arm aims for over $52 bln valuation in biggest US IPO of the year

SoftBank Group's chip designer Arm is seeking a valuation of more than $52 billion in its initial public offering, targeting the largest U.S. stock market flotation of the year.

9/14/2023

SoftBank Takes Conservative Approach with Arm IPO, Leaves $1B on Table to Ensure Strong Debut

9/14/2023

SoftBank Calls Arm 'Most Important Subsidiary,' Plans Long-Term Ownership After Arm's Nasdaq Debut

SoftBank CFO Yoshimitsu Goto declared that Arm, the U.K. chip designer, is SoftBank's most crucial subsidiary and vital to its artificial intelligence strategy.

9/15/2023

SoftBank Plays it Safe with Modestly Priced Arm IPO After Recent Losses, Still attracts Big Tech Interest