Pinwan, January 9th, according to the British “Financial Times” citing people familiar with the matter, the United Kingdom has restarted negotiations to ensure that London plays a role in the planned initial public offering of SoftBank’s chip design company Arm. British Prime Minister Sunak met Arm CEO Rene Haas in Downing Street last month, and SoftBank founder Masayoshi Son joined the talks via video.
SoftBank has previously said it wants to list its chip designer Arm in New York. The renewed lobbying in London, including LSE executives, has focused on trying to share listing opportunities with New York, according to people familiar with the discussions.
media reports
36Kr IT House Pinwan
Event Tracking
- 2023-01-09The UK restarts negotiations with Softbank on the listing of ARM in London
- 2022-11-21 ARM said that it will not be possible to list in London in the first quarter of next year, and it will be postponed until later next year
- 2022-10-05 Arm lays off staff in the UK by as much as 20%
- 2022-10-05 It is reported that Softbank founder Sun Zhengyi did not propose to Samsung to invest in Arm
- 2022-09-21Softbank considers Arm and Samsung to reach strategic cooperation
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