According To People Familiar With The Matter, British Prime Minister Johnson Has Joined The Last Effort To Persuade Softbank Group's Chip Design Company Arm To List In London, And He Has Sent A Letter To Softbank Executives. Meanwhile, British Ministers And Executives At The London Stock Exchange (LSE) Are Also Trying To Persuade Softbank To Reconsider Its Options For Listing In New York.
Chris Philp, The UK Digital Minister, And Gerry Grimstone, The Investment Minister In Charge Of Lobbying, Are Expected To Meet With Softbank Executives In The Coming Weeks.
However, Two People Familiar With Softbank's Ideas Said It Was Unlikely That Softbank Would Change Its Plan And List In London. In February This Year, Softbank Abandoned The $80 Billion Deal To Sell Arm To American Chip Maker NVIDIA On The Grounds Of Regulatory Obstacles And Decided To List Arm Instead.
