Plans for a SoftBank IPO in London for Arm, the British computer chip and software design company, have been put on hold due to the collapse of Boris Johnson’s government and the resignation of key ministers who had championed billionaire Masayoshi Son, a part British Listing, according to a Financial Times report, citing sources briefed on the talks.
Softbank has been in talks of a dual listing with a simultaneous IPO in London and New York, but political unrest in the UK could “pave the way” for Arm to simply list in the US, which the SoftBank boss suggested last month he would prefer, the report said.
read this full report: The Financial Times.
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Jim Pollard
Jim Pollard is an Australian journalist living in Thailand since 1999. He worked for News Ltd newspapers in Sydney, Perth, London and Melbourne before traveling around South East Asia in the late 1990s. He was senior editor at The Nation for over 17 years and has family in Bangkok.
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