Arm’s successful initial public offering this week and plans for other substantial listings are stirring Wall Street bankers’ hopes for a return of billions in fees after a year and a half in which new issues were all but stalled.
SoftBank-backed chip designer Arm expects to pay its underwriters as much as nearly $104.6mn in fees, according to an updated prospectus Arm filed after its first day of trading on Thursday, providing the IPO bankers with their first big payday in a while.
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