British Government Resumes Canvassing British Chip Designer Arm For Domestic Listing

January 9, 2023 7:51 AM | 1 min read | Make a Comment

British Prime Minister Rishi Sunak renewed talks with Japan's Softbank Group Corp SFTBF SFTBY regarding the London chip designer Arm Ltd listing.
Sunak met Arm's CEO Rene Haas last month in Downing Street, and Masayoshi Son, the billionaire founder of SoftBank, joined via video, Reuters reports.
Also Read: SoftBank Accomplishes Profit In Q2; Vision Fund Continues To Bleed
Reportedly, the meeting was "very constructive" and "positive."
Son had shared his keenness towards a U.S. listing where most British-based chip designer's clients were.
SoftBank opted for the Arm IPO after Nvidia Corp NVDA dumped the proposed acquisition of the chip designer amid fierce opposition from regulators and customers.
Price Action: SFTBY shares traded at $22.22 in the premarket on the last check Friday.