fbpx

Type to search

SoftBank Halts Talks on Arm IPO Over UK Political Chaos – FT

Plans for SoftBank to hold an IPO in London for Arm, the British computer chip and software design group, have been put on hold because of the collapse of Boris Johnson’s government


Semiconductor demand
An Arm semiconductor. chips have become a key component in industrial applications, vehicles, industrial automation, 5G infrastructure, artificial intelligence, and cloud computing. File photo: Arm.

 

Plans for SoftBank to hold an initial public offering in London for Arm, the British computer chip and software design company, have been put on hold because of the collapse of Boris Johnson’s government and the resignation of key ministers who were lobbying billionaire Masayoshi Son for a partial UK listing, a report by the Financial Times said, citing sources briefed on the talks.

Softbank was in talks about a dual listing with a simultaneous float in London and New York, but the political turmoil in Britain “could pave the way” for Arm to simply list in the US, which the SoftBank chief suggested last month he would prefer, the report said.

Read the full report: The Financial Times.

 

ALSO SEE:

SoftBank Names New Overseas Unit Chief Amid Fresh Churn

Indonesia Seeks New Capital Investors After SoftBank Exit – Post

GM Bets $3.5bn More on Self-Driving Tech Unit as SoftBank Exits

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

logo

AF China Bond