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SoftBank Pauses Talks for Arm London Listing on UK Political Turmoil

  • Japanese company is still focused primarily on New York
  • British officials leading talks have left the government
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SoftBank Said to Pause Talks for Arm Listing in London
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SoftBank Group Corp. has temporarily paused talks about listing shares of its chips division, Arm Ltd., in London because of turmoil in the UK government, while it continues to pursue an initial public offering for the business in New York, according to people familiar with the matter.

SoftBank founder Masayoshi Son has repeatedly said his primary focus is to take Arm public in the US because of its deep investor base and attractive valuations. In June, Son said he would also consider a London listing, in part because of political appeals.