Sina Technology News Beijing time on June 15, people familiar with the matter said that SoftBank Group is preparing to list part of ARM’s shares on the London Stock Exchange. SoftBank only planned to list in the United States.
SoftBank Group has adjusted its listing plan. It will list most of ARM’s shares in the United States, and part of its holdings in London. It is still unclear about the scale and timing of the listing, and there are still variables in the plan.
In 2016, Softbank acquired ARM. If ARM is only listed in the United States, it will undoubtedly be a heavy blow to the British government and the British capital market.
Earlier this week, UK technology minister Chris. Chris Philp has said the government will work with ARM to ensure it is listed in its home country.
SoftBank founder Masayoshi Son has said he will seek to sell some ARM before the end of the fiscal year in March next year.
According to reports,SoftBank is seeking a valuation of at least $60 billion for ARM.SoftBank had planned to sell ARM to Nvidia, but because regulators blocked the deal, SoftBank wanted ARM’s valuation higher than the sale price at the time.
Masayoshi Son bought ARM for about $32 billion.
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