Softbank’s Arm IPO Produces $18 Million in Big Law Firm Fees

The largest anticipated initial public offering this year has generated nearly $18 million in legal fees for three major law firms, according to a Tuesday filing by Arm Holdings Ltd.

Morrison & Foerster, Sullivan & Cromwell, and Davis Polk & Wardwell are advising on SoftBank Group Corp.‘s move to take chip designer Arm public, the company said in the filing. Arm, which designs chips for a majority of the world’s smartphones, didn’t specify how much of the designated legal fees will go to each firm.

The IPO on the Nasdaq exchange could value Arm at around $52 billion, according ...