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Boris Johnson joins efforts to convice Arm to list in London

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UK prime minister Boris Johnson has reportedly joined government efforts to convince Softbank to list Arm in London rather than in New York, with officials believing the latter course of action would be a blow to hopes of building up the UK’s technology sector.

Softbank is planning an initial public offering (IPO) after being thwarted in its attempts to sell Arm to chip manufacturer Nvidia for $40 billion earlier this year and is understood to strongly favour a listing on the tech-heavy Nasdaq.

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