Morgan Stanley One of the Only Big Banks Left Off Arm’s IPO (1)

There’s no sign of Morgan Stanley in Arm Ltd.’s 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 on Monday filed for what’s set to be the biggest IPO of the year and potentially one of the largest tech listings ever on a US exchange.

WATCH: Chip designer Arm files 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 Corp.’s acquisition of a 25% stake in the company from Vision Fund.

Arm lined up a roster ...