Arm IPO Shows Why Banking Is Fun Again for Barclays Dealmaker yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Arm IPO Shows Why Banking Is Fun Again for Barclays Dealmaker bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The oversubscription isn t an indication of investor enthusiasm. SoftBank plans to sell only 9 percent of Arm’s shares, and will pledge out a 75 percent stake for margin loans once the stock debuts. With an IPO drought and SoftBank dangling millions of dollars, bankers are willing to tell any story, however stretched it is. Arm s focus on chips for smartphones isn t where the AI market is hot