Arm edged closer to a float in the US despite growing calls for the chip design giant to list in London. A number of leading politicians want to see Arm listed in London, including Business Secretary Kwasi Kwarteng who hopes that it will encourage other tech companies to follow suit. Innovative tech companies are at the heart of the Government's hopes to build prosperity post-Covid and post-Brexit. Softbank's founder, investment tycoon Masayoshi Son, is pushing for the company to float Arm with a valuation of £45billion. Leading scientists, including some of the founders of Arm itself, also want to see the firm float in London.

Source: Daily Mail March 26, 2022 17:53 UTC