SoftBank’s Son Favors Nasdaq for Arm’s Listing

• UK has “received a strong love call” from SoftBank about listing Arm, says Son.
• But no decision has been made and Son is meeting specialists to see what is best for Arm.
• Lord Gerry Grimstone, has travelled to Tokyo and met with key SoftBank officials.

Masayoshi Son, the billionaire founder of SoftBank, stated that Nasdaq remained his “favorite” stock exchange to list British chip company Arm, but added that he has gotten a “strong love call” from London and that no decision has been made as of yet.

Son told the annual general meeting of SoftBank shareholders in Tokyo when asked where he wanted to list Arm, “Nasdaq is the favourite.” He noted that the majority of Arm’s clients were located in Silicon Valley and that he hoped to attract US investors to the IPO.

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But Son admitted that the organisation “received a strong love call” from London, adding that he was now meeting with specialists to see what was in Arm’s best interest and that no decision had been made.

As part of Britain’s “charm offensive,” Prime Minister Boris Johnson has addressed a letter to SoftBank executives, while Britain’s investment minister, Lord Gerry Grimstone, has travelled to Tokyo and met with key SoftBank officials.

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The intensity of negotiations between the United Kingdom and Son illustrates how preserving Arm’s reputation as a UK success story has become a highly sensitive political issue in light of claims that UK markets are no longer an attractive home for internationally major enterprises.