While the race to succeed Boris Johnson as the UK’s prime minister has just seen the runners reduced from four to three, the ructions within the ruling Conservative party over the past few weeks may have cut chip designer Arm’s listings options from two to one.
Its owner SoftBank has put on hold plans for a London initial public offering of Arm because of the political turmoil, report Anna Gross, Dan Thomas and Jim Pickard.
Boris Johnson had personally lobbied SoftBank’s billionaire founder Masayoshi Son to secure at least a partial listing for the UK-based company on the London Stock Exchange.
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