SoftBank isnt ruling out Arm offerings in London and New

SoftBank isn’t ruling out Arm offerings in London and New York, but no decision yet

SoftBank Group Chairman and Japanese conglomerate CEO Masayoshi Son paid special attention to Arm’s business at the annual shareholders’ meeting, admitting that he was considering the possibility of a dual listing in London and New York, but had not made a final decision yet been made.

    Image source: SBG, YouTube

Image source: SBG, YouTube

Corresponding Nikkei Asian Review, SoftBank management has prioritized listing Arm on the US stock exchange, but has received numerous requests from various parties in the UK to list shares of the local processor architecture developer in London. Masayoshi Son didn’t hide his satisfaction at the failure of the deal with NVIDIA. according to him Arm will lead the information revolution of all kinds, not just smartphones.”.

The head of SoftBank advised investors not to engage in transactions to buy shares with high leverage in the current difficult conditions and expect their market value to continue to increase. The Japanese company is so confident in the success of Arm’s IPO that it recently raised an $8 billion loan partially collateralized by the securities. SoftBank’s main strategy was now to reduce risky investments and convert assets into cash. The proceeds from Arm’s stock offering are believed to help recoup multibillion-dollar losses faced by the company’s venture fund Vision Fund.

About the author

Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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