Pressure mounts on SoftBank to consider dual listing of Arm
Summary
"The Arm team leading the company will also have some bargaining power since they will be important in terms of a listing – they will have to sell it," Urquhart added. Qualcomm Chief Financial Officer Akash Palkhiwala told CNBC Monday that Arm is an incredibly valuable technology company and that it will be successful wherever it lists. The U.K. government hailed SoftBanks acquisition of Arm as a major success at the time, but its now reluctant to see the semiconductor firm in the hands of an overseas company. The U.K. wants its biggest and best tech companies to list on home soil so that they can benefit the wider economy and prop up the stock market. The most valuable tech companies on the Nasdaq include Apple, Microsoft, Amazon and Alphabet, which all have a market value of over $1 trillion.