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markets

SoftBank Suspends Work on London IPO for Chip Design Firm Arm

By
Shai Oster
· · Source: Financial Times

SoftBank has suspended work on listing its chip design firm Arm in London amid political turmoil in the U.K. government, the Financial Times reported. U.K. Prime Minister Boris Johnson had lobbied for a dual New York and London listing of the Cambridge-based tech firm, the report said. But those plans, which would have added extra complexity and costs to the initial public offering, have...

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