Lining up a bountiful selection of underwriters and cornerstone investors for an initial public offering is no guarantee of success. Just ask Arm. On Tuesday, the SoftBank-owned chip designer unveiled the target price range and valuation for its eagerly awaited IPO. Despite a consortium of 28 banks working as cheerleaders on the deal, the price will disappoint its owner.
为首次公开发行(IPO)寻找大量承销商和基石投资者并不能保证成功。问问Arm就知道了。周二，这家软银旗下的芯片设计公司公布了其翘首以盼的IPO的目标价格区间和估值。尽管一个由28家银行组成的财团在为这笔交易加油助威，但这个价格还是会让它的所有者失望。
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