The UK is still fighting to secure the listing of Cambridge-based tech group Arm Holdings, Britain’s tech minister insisted after the launch of a digital strategy to attract and build fast-growth businesses in the UK.
Chris Philp said that the government was still “working closely with” the management of Arm on the IPO process, despite executives having signalled their preference to float the semiconductor group in New York.
Philp pointed to efforts to change the rules on the London stock market to make it more attractive to tech companies. “I think Arm themselves have said that initial comments suggesting that it would be a Nasdaq listing was sort of premature,” he told the Financial Times.
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