Bulletin Empire
  • Home
  • Politics
  • World
  • Business
  • Finance
  • Science
  • Technology
  • Arts
  • Lifestyle
  • Real Estate
Bulletin Empire
  • Home
  • Politics
  • World
  • Business
  • Finance
  • Science
  • Technology
  • Arts
  • Lifestyle
  • Real Estate
No Result
View All Result
Bulletin Empire
No Result
View All Result

Why SoftBank Reportedly Paused Arm’s London Listing

Jennifer by Jennifer
July 19, 2022
in Business, Finance
0
Why SoftBank Reportedly Paused Arm’s London Listing
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

IMPORTANT POINTS

  • The Financial Times reported that SoftBank has quit working on an IPO for chip maker Arm because of political upheaval in the U.K.
  • U.K. Prime Minister Boris Johnson resigned earlier this month as leader of the Conservative Party, and other members of his cabinet who allegedly had close contacts with SoftBank have also stepped down.
  • Masayoshi Son, founder of SoftBank, previously said Arm would most likely list on the Nasdaq in the U.S., but warned the decision was not final.


SoftBank has dropped plans for a London IPO for chip designer Arm because of political turmoil in the British government, according to the Financial Times.

U.K. Prime Minister Boris Johnson, who leads the Conservative Party, resigned earlier this month. Leaders of SoftBank in negotiations with the ministers of the Conservatives, have also stepped down.

As a result, SoftBank has put talks on hold, according to reports that cites insiders.

Masayoshi Son, founder of SoftBank, previously said Arm would most likely list on the Nasdaq in the U.S., but warned the decision was not final.

SoftBank bought ARM, a UK-based company, for $32 billion in 2016, and has been considering giving the company dual listings in the UK and US.

In 2016, the Japanese investor acquired Arm, and then took the company public after its deal with Nvidia to sell Arm was blocked.

On Tuesday, SoftBank’s shares rose 1% in Tokyo.

To read the Financial Times report in full, visit the following link.

Tags: British governmentPrime Minister Boris Johnson resignedSoftBankSoftBank GroupSoftBank halts plans for Arm's London IPOSoftBank has dropped plans for a London IPO for chip designer ArmSoftBank Reportedly Paused Arm's London Listing
Previous Post

Bank of America hits high marks on revenue, thanks to higher interest rates

Next Post

More Starbucks Stores To Be Closed Because of Security Reasons, Says Starbucks CEO

Next Post
More Starbucks Stores To Be Closed Because of Security Reasons, Says Starbucks CEO

More Starbucks Stores To Be Closed Because of Security Reasons, Says Starbucks CEO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

3 Smart Steps to Take If You Have $1,000 in the Bank
Make Money

3 Smart Steps to Take If You Have $1,000 in the Bank

by Logan
October 20, 2022
0

You're missing out if you keep a lot of money in your bank account. A significant accomplishment is amassing $1,000...

Read more
8 Legit Ways to Make Extra Cash

8 Legit Ways to Make Extra Cash

October 20, 2022

Category

  • Arts
  • Business
  • Economy
  • Entertainment
  • Finance
  • Lifestyle
  • Make Money
  • Politics
  • Real Estate
  • Science
  • Sports
  • Stock Markets
  • Technology
  • Uncategorized
  • World

Follow Us

  • Contact Us
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms & Conditions

© 2022 Bulletin Empire - All rights reserved by Bulletin Empire.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Finance
  • Science
  • Technology
  • Arts
  • Lifestyle
  • Real Estate

© 2022 Bulletin Empire - All rights reserved by Bulletin Empire.