Wednesday, June 7, 2023

Chip giant Arm snubbed London for a NY listing.

British tech darling Arm may be ditching its home turf in favor of New York for its highly-anticipated initial public offering — but the CEO of the London Stock Exchange still hopes the company could opt to list in the U.K. one day.

"There was a difference between the demands of a listed company in the U.K. versus a listed company in the U.S., and that was one of the rationales why ultimately Arm chose to go to the U.S.," Julia Hoggett told CNBC's Arjun Kharpal at the Money20/20 fintech conference in Amsterdam on Tuesday.

Publisher: CNBC
Date: 2023-06-06T11:42:44 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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