Chris Hughes, Columnist

SoftBank's Arm Is Best Off Returning to London

A decision must be made soon whether to list the UK chip designer in New York. It should stay in its home market.

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaking in Tokyo during a virtual earnings announcement.

Photographer: Bloomberg/Bloomberg
Lock
This article is for subscribers only.

London is the underdog to New York in the battle to host Arm Ltd.’s return to the stock market. It shouldn’t be.

The greatest homegrown UK technology business was listed in London before its purchase by SoftBank Group Corp. in 2016. There is no convincing reason to believe Arm would be more successful as a US-listed company.