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SoftBank reportedly pauses plan for Arm's London listing
source link: https://www.cnbc.com/2022/07/19/softbank-reportedly-pauses-plan-for-arms-london-listing.html
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Key Points
- SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the U.K., the Financial Times reported.
- U.K. Prime Minister Boris Johnson resigned as leader of the Conservative Party earlier this month, and ministers who the FT said had important roles in discussions with SoftBank have also stepped down.
- SoftBank founder Masayoshi Son previously said Arm was most likely to list on the Nasdaq in the U.S., but warned the decision was not final.
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