The London Stock Exchange (LSE) Group Plc is lobbying for a UK listing of SoftBank-owned chip technology firm Arm Ltd, Bloomberg News reported on Thursday, citing the bourse’s chief executive officer Julia Hoggett.
SoftBank has put on hold plans for a London initial public offering (IPO) for Arm — which supplies intellectual property in chips that power most of the world’s smartphones — because of the political turmoil in the UK government, the Financial Times reported on Monday.
LSE did not immediately respond to a Reuters’ request for comment.
Reuters