By Echo Wang and Anirban Sen NEW YORK (Reuters) - Chip designer Arm signed up 28 banks for its blockbuster initial public offering without giving them ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Echo Wang and Anirban Sen
SoftBank plans to hold off giving details on the fee structure until one to four days prior the pricing of Arm's IPO, expected in September, the sources added. By then, the IPO's investor road show will have launched and SoftBank will have a better sense of how good a job the banks are doing, before laying out their fee arrangement, according to the sources.
The sources requested anonymity in order to discuss commercially confidential matters. Arm, SoftBank, Goldman, Barclays and Mizuho declined to comment. JP Morgan did not immediately respond to a request for comment.
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