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Chip designer Arm's $55 billion IPO smacks of bankers' desperation

The oversubscription isnt 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. Arms focus on chips for smartphones isnt where the AI market is hot
United Kingdom Jay Ritter Jensen Huang Sara Russo Masayoshi Son Rene Haas

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