Deals
SoftBank Plans Additional London Listing for Arm IPO
- UK government pushing for listing in Arm’s home country
- SoftBank expects Arm to trade publicly by end of fiscal year
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SoftBank Group Corp. is considering listing some of its stake in chip designer Arm Ltd. on the London Stock Exchange, switching from an earlier plan to only use the US market, according to people familiar with the matter.
If it decides to also list in the UK, the Japanese company will likely still conduct its initial public offering in New York, according to the people, who asked not to be identified because the matter hasn’t been made public. The size and timing of the sale hasn’t been finalized and plans for the listing still may change, according to the people.