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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

SoftBank ‘halts plans’ for Arm’s London listing amid political instability

SoftBank FT London Masayoshi Son United Kingdom Chris Philp Gerry Grimstone United States London Stock Exchange LSE
SoftBank Group chief executive Masayoshi Son speaking at a press conference to announce the company's financial results in Tokyo
The SoftBank chief executive, Masayoshi Son, said last month that the US Nasdaq stock exchange was still his ‘main preference’. Photograph: Kazuhiro Nogi/AFP/Getty Images

SoftBank has reportedly halted plans to explore a London listing of the Cambridge-based chip designer Arm, because of the political upheaval in the UK government.

Boris Johnson, ministers and executives from the London Stock Exchange have been involved in an 11th-hour bid to persuade Japanese owner SoftBank to at least consider a partial listing of Arm in the UK. Higher valuations have made New York the financial centre of choice for most of the world’s largest tech flotations.

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