SoftBank’s Arm Confirms It Plans US-Only Listing for IPO
- Arm held talks with UK government over several months
- Chip technology company to open new site in west of England
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Arm Ltd. will pursue an initial public offering listing solely in the US, rejecting calls from the UK government to conduct a dual listing in its home market.
The SoftBank Group Corp.-owned chip technology seller will concentrate on a New York listing when it sells shares to the public, according to a statement Thursday. Arm is keeping its headquarters in Cambridge, England, and may consider a secondary listing in London down the road.