Arm Ltd Says Barclays, Goldman Sachs & Co Llc, J.P. Morgan, Mizuho, B of A Securities And Citigroup Are Among Underwriters To IPO
Portfolio Pulse from Benzinga Newsdesk
Arm Ltd has announced that Barclays, Goldman Sachs & Co Llc, J.P. Morgan, Mizuho, B of A Securities, and Citigroup will be the underwriters for its upcoming IPO, according to Reuters.

August 21, 2023 | 8:30 pm
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NEUTRAL IMPACT
The news about Arm Ltd's IPO could impact the semiconductor sector, including the VanEck Vectors Semiconductor ETF (SMH).
While the news is not directly about SMH, the IPO of a major player in the semiconductor industry could have ripple effects on the sector and thus on the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Bank of America Securities, a division of BAC, is one of the underwriters for Arm Ltd's IPO.
Being an underwriter for an IPO can generate significant fees and prestige for the bank, which could positively impact BAC's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup is one of the underwriters for Arm Ltd's IPO.
Being an underwriter for an IPO can generate significant fees and prestige for the bank, which could positively impact Citigroup's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs is one of the underwriters for Arm Ltd's IPO.
Being an underwriter for an IPO can generate significant fees and prestige for the bank, which could positively impact Goldman Sachs' stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
J.P. Morgan is one of the underwriters for Arm Ltd's IPO.
Being an underwriter for an IPO can generate significant fees and prestige for the bank, which could positively impact J.P. Morgan's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80