SoftBank founder Masayoshi Son said the Nasdaq remained his “favourite” venue for the planned listing of Arm despite an intensive UK lobbying campaign for a London share offering of the British chip designer.
The Financial Times reported this week that the UK government has debated the use of national security legislation to compel SoftBank to list Arm in London, as the world’s largest tech investor reconsiders holding an initial public offering for the company exclusively in the US.
“Nasdaq is the favourite,” Son told the annual meeting of SoftBank shareholders in Tokyo when asked where he planned to list Arm. The comments were his first public remarks on the issue since the UK campaign started in February.
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