Despite efforts in the UK, Arm should be listed on the US Stock Exchange. This was confirmed by SoftBank CEO Masayoshi Son, owner of the company.
Arm has been working for several months to find a financial solution to the abortion of its takeover by Nvidia. After a long political contest involving countries and industrial players, not to mention the interference of its Chinese branch, SoftBank, which bought Arm in 2016, ended up aiming for an IPO. However, several markets were offered to the Japanese giant. The head office of the company being based in Cambridge, it could turn to the London Stock Exchange, but also to Wall Street, favorable ground for the listing of large technology companies. As of March, Masayoshi Son had left no ambiguity about his projects. ” The US is the market we’re looking at for Arm’s IPO, and most likely the Nasdaq he revealed.
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Recently, at an annual meeting with shareholders, Masayoshi Son suggested that the semiconductor designer, despite its flag, was better suited for the United States. ” Most of Arm’s customers are based in Silicon Valley and… stock markets in the United States would love to have Arm he explained. He also referred to requests urging him to favor the British stock market, without saying more. When SoftBank acquired Arm, the company had a primary listing in London and a secondary in the United States.
Masayoshi Son, CEO of SoftBank. Photography: Getty Images.
Last week, the Financial Times reported that the British government was thinking of playing the national security card, in the event of a destination that would be unfavorable to it. Still, policymakers are said to be split on how much power the National Security and Investment Act (NSIA) gives it and whether SoftBank could then turn against it.
But only here, Arm’s licenses are used in 95% of smartphones in the world, making it a true national industrial flagship. An arrival on the Nasdaq would be seen as a real disavowal for the United Kingdom.