Japan’s SoftBank plans to list one of Britain’s most successful tech companies in New York after a $66bn sale to Nvidia fell through, in a move that has sparked a political and corporate battle over the future home of Arm Holdings.
“I believe that Arm is about to enter its golden age and so deep down I would rather avoid this sale as much as possible,” SoftBank chief executive Masayoshi Son said on Tuesday evening, despite the fact that he and his leadership team had spent 18 months working to offload the company to the US chip heavyweight.
“We think that the Nasdaq stock exchange in the United States, which is at the centre of global high-tech, would be most suitable [for a listing],” he added.
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