LONDON : The London Stock Exchange said on Friday that chip designer Arm's decision to pursue a U.S.-only listing this year rather than return to London's stock market showed Britain needed to speed up plans for regulatory and market reforms.Arm, owned by Japan's SoftBank, is to pursue a U.S.-only listing
LONDON : The London Stock Exchange said on Friday that chip designer Arm's decision to pursue a U.S.-only listing this year rather than return to London's stock market showed Britain needed to speed up plans for regulatory and market reforms.
"Arm is a great British company and a world leader in their field which we continue to believe can be very well served by the UK capital markets," said Julia Hoggett, chief executive of London Stock Exchange plc, part of London Stock Exchange Group. Arm has not completely ruled out an eventual London listing and has said it intends to consider a subsequent IPO there in due course, without providing further details.
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