Shulou(Shulou.com)11/24 Report--

April 12 news, according to foreign media reports, Softbank Corp. CEO (CEO) Masayoshi son will sign an agreement this week to allow his chip design company Arm to be listed on Nasdaq as early as this autumn.

In 2016, Softbank Corp. Group bought Arm for 32 billion US dollars. On September 13, 2020, Softbank Corp. Group announced that it would sell Arm to Nvidia at a value of US $40 billion. However, the deal failed because of major regulatory challenges and opposition from competitors.

In June 2022, people familiar with the matter revealed that Softbank Corp. planned to list Arm in both the UK and the US. In the same month, son told shareholders at a shareholder meeting that he supported the listing of Arm in the US because most of Arm's customers were in the US.

In July 2022, foreign media reported that Softbank Corp. 's plan to suspend the listing of Arm in London might consider listing only in the United States because of the unrest in the British government.

In January this year, foreign media reported that British Prime Minister Rishi Sunak resumed negotiations with Softbank Corp. Group on the listing of Arm on the London Stock Exchange.

The lobbying effort is aimed at getting Softbank Corp. to restart plans for a dual listing of Arm in London and New York. While the structure looks attractive, British government officials are expected to have a hard time persuading Softbank Corp. to agree because of the higher cost and complexity of dual listings.

Sure enough, Arm said in March that it would seek to list only in the US this year, ending speculation about a UK listing. Investors expect Arm to be valued at between $30 billion and $70 billion.

Before going public, Mr son had focused on improving Arm's business model to boost profits. Last month, foreign media reported that Arm was seeking to raise the price of its chip designs, one of the company's biggest business strategic changes in decades.

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