# British PM Sunak revives talks for Arm’s London IPO -FT
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-01-09
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Rishi Sunak Revives Talks with SoftBank for Arm Ltd London
Meta Description: British PM Rishi Sunak meets SoftBank's Son and Arm CEO Haas over London listing discussions. Positive talks reported, no final decision yet. Arm and Soft
URL: https://fintechherald.com/british-pm-sunak-revives-talks-for-arms-london-ipo-ft

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(Reuters) – British Prime Minister Rishi Sunak has revived talks with Japan’s SoftBank Group Corp regarding a London listing for chip designer Arm Ltd, the Financial Times reported on Monday.

Sunak met Arm’s Chief Executive Rene Haas last month in Downing Street and Masayoshi Son, the billionaire founder of SoftBank, joined via video, the report said, citing people familiar with the matter.

The meeting was described as “very constructive” by two people briefed on the matter, and “positive” by another, the FT reported.

Arm and SoftBank did not immediately respond to Reuters’ request for comment.

Son had told shareholders in June last year that he was in favour of a listing in the United States, where most of the British-based chip designer’s clients are based, although he stressed that no decision has been made.

(Reporting by Lavanya Ahire in Bengaluru; Editing by Savio D’Souza)


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