Arm’s $55 Billion IPO Smacks of Bankers’ Desperation

IPO data from Cordell Eminent Scholar Jay Ritter informs this story about Arm Holdings Plc’s Nasdaq debut, which was supposed to energize the anemic initial public offerings market. But its roadshow, powered by more than two dozen investment banks, is looking like a hard sell. In their desperate attempt to earn fees and de-risk from Arm parent SoftBank Group Corp., bankers are getting investors worried. 

Read more in this story from Bloomberg.