British officials are considering national security reasons to force Arm’s London IPO

25

The UK government has discussed using national security laws as a means to persuade SoftBank to list Arm in London, as the Japanese investor is considering conducting a US-only IPO for the chip designer.

Two people familiar with internal government discussions said they had weighed the application of Britain’s new National Security and Investment Act but had not formally done so. Some government officials have resisted the idea of ​​invoking the law, believing it would not apply as the proposed listing was not considered an acquisition.

Government officials said they preferred attempts at persuasion. Lord Gerry Grimstone, UK Investment Secretary, has met with Rajeev Misra, head of SoftBank’s $100 billion Vision fund.

A person involved in the discussions said the UK government has so far used ‘carrots’ rather than…



Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.