Arm's £50billion float shelved in tech slump
The City and politicians had been calling on Arm to float in the capital early next year.
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The City and politicians had been calling on Arm to float in the capital early next year.
This allows the shares to be traded on both exchanges. There are various benefits. There is also the hope of a boost to the share price.
This allows the shares to be traded on both exchanges. There are various benefits. There is also the hope of a boost to the share price.
Hermann Hauser (pictured) called on Arm's owner Softbank to float Arm in London as well as New York in a so-called 'dual-listing'.
ARM has reportedly replaced Allen Wu, the CEO of its China subsidiary, with two co-CEOs, clearing the path for a planned initial public offering of shares in the company. The move would end a two year dispute that has seen Wu maintain control of ARM China and take it in an increasingly independent direction (see […]