Morgan Stanley One of the Only Big Banks Left Off Arm’s IPO

There’s no sign of Morgan Stanley in Arm Ltd.’s draft filing for its initial public offering, a rare event for a bank that’s often a lead adviser on landmark technology IPOs.

Chip designer Arm is expected to file for its IPO publicly as early as Monday, Bloomberg News has reported. The listing, planned for September, is on track to be the year’s largest and could be one of the biggest tech listings ever on a US exchange.

WATCH: Chip designer Arm is expected to file for its IPO.

Source: Bloomberg

While Arm had been looking to raise $8 billion to $10 billion, that target might be lowered because of SoftBank Group ...