The UK Prime Minister 
is apparently trying to convince UK chip maker ARM to list in London. Unless he’s fibbing.
Johnson has written to SoftBank, ARM’s owners, while ministers and executives from the London Stock Exchange are trying to persuade them to rethink its preference for listing in New York, the Financial Times said.
SoftBank wants to take British chip designer ARM public after plans to sell the company to Nvidia fell through due to “significant regulatory challenges”.
But it said it is planning on taking the company public on the NASDAQ exchange in New York instead of London.
Digital minister Chris Philp and Gerry Grimstone, the former Barclays chair, will meet SoftBank executives in the coming weeks. But Arm insiders did not consider that there was a bat’s chance in hell that the company would be listed in London.
A government spokesperson also told the paper: “We want to make the UK the most attractive place for innovative businesses to grow and raise capital.” Unless he’s fibbing.
