Arm Banks Set for $100 Million Payday From Chip Designer’s IPO

Investment banks working on Arm Holdings Ltd.’s initial public offering are set to share upwards of $100 million in fees from the chip designer’s listing, according to people familiar with the matter.

The SoftBank Group Corp.-owned company is poised to pay the banks 2% of the $5 billion to $5.4 billion it is seeking to raise in the IPO, the people said. The fee pool would consist of about a 1.75% base fee and a 0.25% incentive fee awarded at the firm’s discretion, the people said, asking not to be identified as the information isn’t public.

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