Chip giant Arm filed for the biggest IPO of 2023 in the US early this morning, after its high-profile snubbing of London.
Cambridge-based Arm revealed in March that it would list on the Nasdaq exchange, despite the efforts of Rishi Sunak to attract the chip maker to London, where it listed its shares from 1998 until being taken private by Japan’s Softbank in 2016. Its decision to float in the US sparked questions about whether London listings were still attractive to the tech sector.
