UK ‘waking up’ to poor tech-listing appeal in London, says Arm innovator

It is estimated that Arm could be worth up to $40bn when it goes public. Photograph: Bloomberg/Getty Images

A key figure in the creation of Arm has said the UK government is only just waking up to the fact that London is struggling to attract leading tech company listings, adding that New York was the obvious choice for the British-based chip designer’s primary stock market flotation.

Hermann Hauser, who co-founded Acorn Computers and helped to develop Arm’s first processor before it was spun out as a separate company, said it was an issue of a lack of liquidity in London and poor support and infrastructure for local firms.