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Masayoshi Son decides to let Arm list in New York within the year

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Update time : 2023-03-03 16:20:35
        SoftBank Group's British chip design giant ARM has decided not to issue shares on the London Stock Exchange for the time being, in a blow to British politicians. This comes after British politicians had been lobbying for ARM to list on their home exchange.
        Sources close to the situation say ARM will focus on having ARM listed only in New York later this year. The company will remain headquartered in Cambridge, UK, for the time being, but a secondary listing in London is not ruled out in the future, although this is unlikely. Sources close to the matter previously revealed that SoftBank had set a target valuation of at least $60 billion for ARM last year. SoftBank would not comment. 
        ARM is the jewel of the British technology industry, with its technology used in most of the world's smartphones and ubiquitous throughout the electronics industry. SoftBank bought ARM in 2016 for $32 billion, promising to create more jobs in the UK and to keep its headquarters in the same place. British Prime Minister Sunac has been persuading the company and its backers to list on the London Stock Exchange. 
        SoftBank founder Masayoshi Son has repeatedly said that his priority is to get ARM listed in the US, where it has a deep investor base and an attractive valuation. After political lobbying in the UK, he had considered a secondary listing for ARM in London. However, internal turmoil within the UK government, which has seen three Prime Ministers in the last year, has hampered negotiations.

 
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